This topic contains a solution. Click here to go to the answer

Author Question: A kinked demand curve reflects a tendency on the part of an oligopolist to: a. follow price ... (Read 27 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
A kinked demand curve reflects a tendency on the part of an oligopolist to:
 a. follow price increases but not price reductions.
  b. following price reductions but not price increases.
  c. be unconcerned with rivals' behavior.
  d. None of these.

Question 2

Which of the following statements is true?
 a. Economic profit equals accounting profit minus implicit costs.
  b. The short run is any period of time in which there is at least one fixed input.
  c. A fixed input is any resource for which the quantity cannot change during the period under consideration.
  d. In the long run there are no fixed costs.
  e. All of these.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

laurnthompson

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

b

Answer to Question 2

e




NguyenJ

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

For a complete list of videos, visit our video library