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
You might also like to view...
An outward bowed production possibilities curve illustrates
A) inefficient production. B) the law of increasing additional cost. C) a lack of scarcity. D) zero opportunity cost of moving from inefficient production to currently unobtainable production.
The Board of Governors of the Federal Reserve System has how many governors?
A) 1 B) 5 C) 7 D) 12
Engaging in international trade has all of the following effects except:
A. altering prices in different countries. B. it makes use of resources less efficient. C. influencing labor markets in different countries. D. increasing number of goods and services we can consumer in different countries.
To close a recessionary gap, Keynesian theory calls for
A. expansionary fiscal policy. B. contractionary fiscal policy. C. international trade. D. none of these.