Owners of firms understand that lower prices will attract more customers. why can firms not always reduce prices until they increase sales and profits?
a. consumers do not always like low prices.
b. if marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.
c. if opportunity cost for the consumers exceeds the firm's production costs, there can be no profit.
d. owners will never reduce prices even when it means increased profits.

How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government’s lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank’s lending standards. a federal loan can only be used to pay for a student’s tuition. a private loan can be used to pay for a student’s tuition and any other expenses. a federal loan can be used to pay for a student’s tuition and any other expenses. a private loan can only be used to pay for a student’s tuition.