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Business, 13.03.2021 04:20 mathk3

Which of the following statements is false? A) Price determination is the key element in any market system. B) Input prices influence a firm's costs of production. C) Output prices influence a firm's revenues. D) While managers must understand how output prices are determined, determination of input prices is irrelevant because it is beyond the manager's control.

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Which of the following statements is false? A) Price determination is the key element in any market...
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