Author Question: The quantity demanded for a duopolist's product is zero if ________. A) it charges a lower price ... (Read 17 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
The quantity demanded for a duopolist's product is zero if ________.
 
  A) it charges a lower price than its rival
  B) it charges a higher price than its rival
  C) it charges the same price as its rival
  D) it can produce the product at a lower cost

Question 2

If ranchers in Texas fear a sharp drop in cattle prices next year, they will probably
 
  A) bring less cattle to market this year.
  B) bring more cattle to market this year.
  C) keep supply unchanged now and bring more cattle to market next year.
  D) keep supply unchanged now and bring less cattle to market next year.
  E) do none of the above.



xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

For a complete list of videos, visit our video library