economics help please!? - Freemason Hirams Travels Masonic Forums

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04-05-2008, 06:00 PM

Donnie G

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economics help please!?

In an oligopoly situation, where the demand curve for the product is kinked, what is the best strategy to increase profits?

Answer: a. Increase price to increase revenues.
b. Maintain price and reduce costs.
c. Decrease price to decrease revenues.
d. Increase price to decrease revenues.
e. Decrease price to increase revenues.
also
Companies that have several products in the same category might use ____________ as a way to establish different positions for each product in the category in the mind of the consumer?

Answer: a. Prestige Pricing
b. Multiple pricing
c. Penetration pricing
d. Yield management pricing
e. Price line strategy

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