According to the figure shown, if Adidas charges a low price, then Nike should:
A. leave the market.
B. charge a low price.
C. charge a high price.
D. give an ultimatum.
Answer: B
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The stimulation of a large economy aimed at increasing growth in the rest of the world is commonly known as
A) pass-through effect. B) locomotive effect C) investment effect. D) domino effect.
From 1973 to the early 1990s, U.S. productivity __________________.
Fill in the blank(s) with the appropriate word(s).
The 80/20 ratio is found by dividing the
A. number of households making less than 80 percent of the poverty line by the number of households making more than 20 times the poverty line. B. average income of those below the 80th percentile by the average income of those in the top 20 percent. C. average income of the top 80 percent of income earners by the average income of the top 20 percent of income earners. D. income at the 80th percentile by the income at the 20th percentile.
In the short run, marginal cost is increasing when
A) MPL is decreasing. B) MPL is increasing. C) APL is increasing. D) APL is decreasing.