The answer to this is A price fixing.
Price fixing is where sellers agree to sell a certain product around the same price.
-Seth
Answer:
Satisficing
Explanation:
It is a decision making strategy which aimed to purposed a satisfactorily result. Satisficing concentrate on realistic efforts when encountering the task. This strategy aims to focus on the optimal level of solutions. The theory of satisficing was found to be applied in field economics, artificial intelligence, and sociology. Satisficing is a strategy adopted by an organization that seeks to meet the minimal level of expectancies for credits. This contradiction put to maximize the profit by combined attempts that put the organization high demands on the performance crosswise sales, marketing, and other departments.
If real GDP falls from one period to another, we can conclude that:
<u>deflation occurred.</u>
Real GDP adjusts the level of output for any potential price adjustments that may have occurred over time; nominal GDP adjusts the level of output for changes in the price level using prices from a base year (constant prices) rather than the "current prices" used in nominal GDP.
The GDP deflator is a price index that tracks the average prices of all finished products and services produced inside a country's boundaries over time. It is used to adjust nominal GDP to determine real GDP.
So when the real GDP falls it can be concluded that deflation has occurred in the economy that is fall in prices .
To learn more about deflation click here :
brainly.com/question/11634015
#SPJ4
Reduce the price, change the logo or stop selling altogether
