Which of the following possible explanations of sticky prices is incorrect? a. menu costs (small costs of price adjustment) b. consideration of long-term relationship with customers c. long-term contracts among firms or between firms and workers d. firms may not want to change prices before their competitors do e. None of the above are incorrect
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Which of the following possible explanations of sticky prices is incorrect?
a. menu costs (small costs of price adjustment)
b. consideration of long-term relationship with customers
c. long-term contracts among firms or between firms and workers
d. firms may not want to change prices before their competitors do
e. None of the above are incorrect
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