A firm with a flat demand curve
A) has no brand loyalty.
B) has weak brand loyalty.
C) has strong brand loyalty.
D) isn't really worried about brand loyalty; flat demand curves guarantee zero profit.
A
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Other things the same, if reserve requirements are increased, the reserve ratio
a. increases, the money multiplier increases, and the money supply increases. b. increases, the money multiplier decreases, and the money supply decreases. c. decreases, the money multiplier increases, and the money supply increases. d. decreases, the money multiplier decreases, and the money supply increases.
The law of increasing additional costs is due to
A) government regulations. B) technological improvements. C) the fact that it is more difficult to use resources efficiently the more society produces. D) the fact that resources are not perfectly adaptable for alternative uses.
Which of the following ideas of the rational expectations theory has been absorbed into mainstream macroeconomics?
A. The monetary rule. B. The idea that "money doesn't matter." C. The monetary multiplier. D. The idea that "expectations are important"
The M2 definition of money includes demand deposits.
Answer the following statement true (T) or false (F)