A price searcher confronts a downward sloping demand curve because
a. products in the market are differentiated.
b. there is no close competitor in the market.
c. the market is essentially monopolized.
d. the firm gains nothing if it lowers its price.
A
You might also like to view...
Who are the main actors in the international capital market?
What will be an ideal response?
Which of the following are NOT true?
a. Credit cards are the same as debit cards when determining the money supply. b. Credit cards are included in M2 but not M1. c. Credit cards do not impact the demand for money. d. Credit cards are a means of payment. e. All of the above are true.
Ways to "game" the budgeting process include
a. accelerating sales if just short of a target b. accelerating expenses if just short of a target c. accelerating sales once a target is met d. delaying expenses costs once a target is met
Using fiscal and monetary policies to deal with a demand shock ______.
a. will prevent the occurrence of a supply shock b. will create a negative supply shock c. is more effective than using them to deal with a supply shock d. is less effective than using them to deal with a supply shock