A firm that has the ability to control to some degree the price of the product it sells
A) is also able to dictate the quantity purchased.
B) faces a demand curve that is inelastic throughout the entire range of market demand.
C) is a price maker.
D) faces a perfectly inelastic demand curve.
Answer: C
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What will be an ideal response?
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A) carbon taxes and carbon trading. B) carbon trading and carbon subsidies. C) carbon taxes and carbon scrubbing. D) burning low carbon coal and deforestation.
The cross-price elasticity of demand between an unlimited texting option and an unlimited call minutes option offered from a cell phone provider would be
A) negative no matter if subscribers consider the services substitutes or complements for each other. B) positive if subscribers consider the services substitutes for each other. C) negative if subscribers consider the services substitutes for each other. D) positive if subscribers consider the services complements to each other.
A bank has $2 million in checkable deposits. In the bank's balance sheet, this would be part of:
A. Assets B. Liabilities C. Capital stock D. Net worth