A good synonym for elasticity would be
a. stability
b. volatility
c. stickiness
d. demand
e. responsiveness
E
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Refer to the Article Summary. A merger between two competitors such as Staples and Office Depot may ultimately be approved by the Department of Justice and the FTC if the two companies can substantiate ________ as a result of the merger
A) increases in economic efficiency B) an increase in the HHI to over 1,800 C) increases in revenue for the merged company D) decreases in marginal revenue for the merged company
A perfect monopoly:
A. has no competition at all. B. has complete market control. C. restricts output to maximize profits. D. All of these statements are true.
When a demand curve shifts, both the equilibrium price and quantity traded will change in the same direction as a result
a. True b. False Indicate whether the statement is true or false
Refer to the following graph. The price of capital (r) is $20.
If, at the optimal combination of inputs for producing 14,000 units of output, the marginal product of capital is 40, what is the marginal product of labor?
A. 80 B. 60 C. 40 D. 27.7 E. impossible to tell from the graph