The "kinked" oligopoly demand curve is a result of the assumption by an oligopolist that:
a. price increases will be matched, but price reductions will not.
b. price increases will not be matched, but price reductions will.
c. both price increases and price reductions will be matched.
d. neither price increases, nor price reductions will be matched.
b
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In the above, which figure shows a line with a slope of 1.0?
A) Figure A B) Figure B C) both Figure A and Figure B D) neither Figure A nor Figure B
Based on the above table, which shows the firms and sales in an industry, what is the approximate value of the Herfindahl-Hirschman Index?
A) 1,660 B) 2,300 C) 4,800 D) 10,000
If a firm's fixed cost exceeds its total revenue, the firm should stop production by shutting down temporarily
Indicate whether the statement is true or false
When the Fed ________ the money stock, the money supply curve shifts to the ________ and the interest rate ________, everything else held constant
A) decreases; right; rises B) increases; right; falls C) decreases; left; falls D) increases; left; rises