The kinked demand theory attempts to explain why an oligopolistic firm:

a. has relatively large advertising expenditures.
b. fails to invest in research and development (R and D).
c. infrequently changes its price.
d. engages in excessive brand proliferation.


c

Economics

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The demand curve for a product shows the quantity that

a. sellers are willing to sell at a particular price. b. buyers are willing and able to purchase at various prices c. buyers purchase in the market d. buyers are able to purchase at a particular price.

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The conventional merger is the ____ merger.

A. horizontal B. vertical C. conglomerate D. diversifying

Economics

Assume you are planning to invest $200 each year for four years and will earn 8 percent per year. Determine the future value of this annuity due problem if your first $200 is invested now.

Economics