Toby operates a small deli downtown.The deli industry is monopolistically competitive.In the long run,Toby will produce where:

A) marginal revenue equals marginal cost.
B) price equals minimum average total cost.
C) price equals marginal cost.
D) price equals marginal revenue.

Refer to Table 3.1. If the price per pizza is $3, the price will

A) remain constant because the market is in equilibrium.
B) increase because there is an excess demand in the market.
C) increase because there is an excess supply in the market.
D) decrease because there is an excess supply in the market.

According to the Black-Scholes model, when the risk-free rate increases, it results in a decrease in the value of a call option.

Provide an explanation of the law of small numbers.

When a business sells more than one product at varying selling prices, the business's break-even point can be determined as long as the number of products does not exceed

A) two
B) three
C) fifteen
D) There is no limit.

Chynna Hotels, a fast-food restaurant chain, has restaurants in 25 countries worldwide. It customizes its menu and creates experiences that appeal to regional tastes. Chynna Hotels has been able to build a level of brand loyalty across borders that would not have been possible with a standard, homogenous menu. At the same time, the restaurant chain has been able to maintain a level of standardization and built an international image that transcends cultural barriers. Given this information, it can be said that Chynna Hotels has adopted a(n) _____.

A) arbitrage strategy
B) dumping strategy
C) glocalization strategy
D) skimming strategy