An example of a market where a Bertrand model would be NOT be plausible is the market for
A) pizza.
B) sweaters.
C) motorcycles.
D) toothpicks.
D
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In a Keynesian model, a temporary increase in government purchases would cause output to ________ and the domestic real interest rate to ________, in the short run
A) remain unchanged; increase B) remain unchanged; decrease C) increase; increase D) increase; decrease
Since it is costly for stockholders to monitor corporate managers, managers may be able to achieve personal perks and pursue other policies that conflict with profit maximization. This is an example of
a. an external benefit. b. economies of scale. c. the principal-agent problem. d. sunk costs.
If UIP holds and the home currency is expected to appreciate by 4%, then the home interest rate is:
a. 6% b. 5% c. 4% d. Not enough information is provided to answer the question
According to the crude quantity theory of money, if P rose by 20%, then __________.
Fill in the blank(s) with the appropriate word(s).