This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a kinked demand market, whenever one firm decides to lower its price, a. other firms will ... (Read 75 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
In a kinked demand market, whenever one firm decides to lower its price,
 a. other firms will automatically follow.
  b. none of the other firms will follow.
  c. one half of the firms follow and one half of the firms don't follow the price cut.
  d. other firms all decide to exit the industry
  e. all of the other firms raise their prices.

Question 2

What's the dominant strategy for each firm?
 a. Charge a low price
  b. Charge a high price
  c. Firm A charge a low price and firm B charge a high price
  d. Firm A charge a high price and firm B charge a low price


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


darbym82

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper
Fascial mobilization techniques. (A) Fascial mobilization on the lower back using the palm. (B) ... Fascial mobilization techniques. (A) Fascial mobilization on the lower back using the palm. (B) ...
Effleurage to transition to lower leg-distal to proximal. Apply effleurage with moderate pressure to ... Effleurage to transition to lower leg-distal to proximal. Apply effleurage with moderate pressure to ...
Transition from the lower to the upper limbs with compression over the drape. Apply compression with ... Transition from the lower to the upper limbs with compression over the drape. Apply compression with ...
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Video: ACTH/Cortisol (glycogenolysis, protein catabolism, lipolysis and gluconeogenesis)

For a complete list of videos, visit our video library