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How might a firm respond to a higher demand for its goods? A. limit its production B. raise prices C. cut prices D. increase advertising
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Asked 8/14/2012 7:29:27 AM
Updated 8/14/2012 11:24:02 AM
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User: How might a firm respond to a higher demand for its goods? A. limit its production B. raise prices C. cut prices D. increase advertising



Weegy: Answer is B. raise prices
Expert answered|chubang|Points 280|

User: A minimum price, set by the government, that must be paid for a good or service is called a _____. A. price wall B. price floor C. price field D. price ceiling

Weegy: Answer is D. price ceiling
Expert answered|chubang|Points 280|

User: How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market? A. The price is higher. B. The price is lower. C. The prices cannot be compared. D. The prices are the same.

Weegy: Answer is A. The price is higher. The price of a good in a monopoly is very much controlled for competitors
Expert answered|chubang|Points 280|

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Question
Asked 8/14/2012 7:29:27 AM
Updated 8/14/2012 11:24:02 AM
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This conversation has been flagged as incorrect.
Flagged by debnjerry
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A minimum price, set by the government, that must be paid for a good or service is called a price floor.
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Added 8/14/2012 11:24:06 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [1/24/2014 3:54:41 PM]
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A minimum price, set by the government, that must be paid for a good or service is called a _____. A. price wall B. price floor C. price field
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Updated 8/14/2012 8:40:45 AM
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A minimum price, set by the government, that must be paid for a good or service is called a price floor.
Added 8/14/2012 8:40:49 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/19/2014 4:17:16 PM]
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