When there is a kinked demand curve, an oligopolist's competitors will match price increases
Indicate whether the statement is true or false
F
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The figure above shows the market for coffee. If one firm owns all the coffee outlets and sells 10 million pounds of coffee a month, the deadweight loss is
A) zero. B) $7.5 million. C) $15 million. D) $10 million
If demand is price inelastic, then when price rises, total revenue
a. will fall. b. will rise. c. will remain unchanged. d. may rise, fall, or remain unchanged. More information is need to determine the change in total revenue with certainty.
If two series have means that are not trending, a simple regression involving two independent I(1) series will often result in a significant _____ statistic.?
A. ?F B. ?t C. ?z D. ??2
Factor prices, returns from alternative activities, technology, number of firms, producer expectations, and natural events are often termed:
A) demand determinants. B) demand quantities. C) supply prices. D) supply shifters.