Ask a New Question
Menu

Question 3

03. Prevailing competitive prices (PCP's) are:
OA. The prices charged by all repair facilities in a market area.
OB The average prices charged by all repair facilities in a market area.
OC. The prices charged by not less than a majority of the repair market.
D. None of the above.

1 answer

OB. The average prices charged by all repair facilities in a market area.
Similar Questions
  1. The CPI measures which prices?a. Prices suppliers must pay. b. Prices consumers pay. c. Domestic prices measured in another
    1. answers icon 1 answer
  2. What is the usual effect of increased competition on prices?A. prices decrease B. prices increase C. prices destabilize D.
    1. answers icon 1 answer
    1. answers icon 1 answer
  4. Which is true of how the market sets prices?A:Prices are set by the expected sales. B:Prices are set by how much consumers will
    1. answers icon 1 answer
more similar questions