Which of the following statements is correct regarding the traditional overhead allocation system and the activity-based costing (ABC) overhead allocation system Group of answer choices Property tax for a company's office building will not be allocated to products under both traditional and ABC overhead allocation system The ABC system always allocate a higher amount of overhead cost than the traditional overhead allocation system. The traditional overhead allocation system tends to allocate more cost to products that consumes more batch-level activities. The traditional overhead allocation system always allocate a higher amount of overhead cost than the ABC system.

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answeraggressive behavior tactics include all of the above;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.

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