--%>
Assignment Help - homework help

Define the going rate pricing briefly

Define the going rate pricing briefly.

E

Expert

Verified

Going rate pricing:

In this method, prices are maintained at par along with the average level of prices in the industry. That is, in this method a firm charges the prices as per what competitors are charging. Therefore, firm accepting the price prevailing within the industry in order to ignore price war. This method is also termed as parity pricing or acceptance pricing.

   Related Questions in Managerial Economics

  • Q : Explain the reasons for demand curve

    Explain the reasons for demand curve slopes downward.

    		•
  • Q : Marginal Product of Labor in Firm If

    If this firm maximizes profit, this will be producing under circumstances of: (1) increasing returns to labor. (2) economies of scale. (3) diminishing returns to labor. (4) constant returns to labor. (5) adverse selection and moral hazard.

    Q : Adjust inputs of labor other resources

    Firms adjust their inputs of labor or other resources till: (w) revenue is maximized. (x) employment is maximized. (y) marginal product of labor is maximized. (z) profit is maximized. Please choose the right answer

    		•
  • Q : Illustrates the term Demand Function

    Illustrates the term Demand Function?

    		•
  • Q : Persuade competitors by cartel member

    When a cartel member can persuade competitors to keep the cartel price but secretly give a discount price to certain customers, profits will rise: (w) for all members of the cartel. (x) since price cuts are only given to assigned customers. (y) as a result of an incre

    		•
  • Q : Marginal resource cost of labor By

    By lying off three workers, total costs of a firm fall by $210 per day, indicating that the marginal: (w) revenue product of labor is $210. (x) revenue product of labor is $70. (y) resource cost of labor is $210. (z) resource cost of labor is $70.

    		•
  • Q : Process of Screening A principal who

    A principal who checks the qualifications of a potential agent before giving the agent a contract is engaging within the process of: (i) signaling. (ii) determining an efficiency wage. (iii) predatory behavior. (iv) screening. (v) discrimination.

    Q : Explain about input output table method

    Explain about input output table method.

    		•
  • Q : Spencer and Sieglemans definition of

    What is Spencer and Siegleman’s definition of Managerial economics?

    		•
  • Q : Average Benefits in Human Capital and

    Throughout the past 50 years in the United States, there the average gains in lifetime income related along with having a college degree in addition to a high school diploma have: (1) declined since the larger proportion of the population that is college educated has

    		•