Is it impossible when the new sales price is higher than the original price if we remove tariff. -the quantity of firm A and B is higher when the firm C remove tariff, and the quantity of firm C decrease.

Is it impossible when the new sales price is higher than the original price if we remove tariff. -the quantity of firm A and B is higher when the firm C remove tariff, and the quantity of firm C decrease.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

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Is it impossible when the new sales price is higher than the original price if we remove tariff.

-the quantity of firm A and B is higher when the firm C remove tariff, and the quantity of firm C decrease.

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Which of the following costs increases as the distance of a shipment increases? O a. Fixed O b. Variable O c. Joint O d. Common