A demand curve will be kinked if rivals match price reductions but not price increases.
Answer the following statement true (T) or false (F)
True
The demand curve will be kinked if rival oligopolists match price reductions but not price increases.
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A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be an ongoing expense of the business?
A. The cost of the truck B. The cost of the gasoline used C. The cost of ice cream scoopers D. None of these is an ongoing expense.
The productivity of workers can depend upon which of the following?
A. Human capital B. Natural resources C. Technology D. All of these are determinants of productivity.
Product differentiation always leads to some measure of market power
a. True b. False Indicate whether the statement is true or false
Does inflation always cause workers losses due to decreases in real wages? Why or why not?
What will be an ideal response?