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

Author Question: Which of the following is true of a duopoly with differentiated products? A) A firm loses all its ... (Read 68 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
Which of the following is true of a duopoly with differentiated products?
 
  A) A firm loses all its customers when its rival lowers the price of its product.
  B) A firm does not lose all its customers when its rival lowers the price of its product.
  C) A firm faces a perfectly elastic demand curve.
  D) A firm faces a perfectly inelastic demand curve.

Question 2

Bobby was researching the economic growth of a country between 2006 and 2011. Using 2006 as the base year, he calculated a twelve percent increase for real GDP and a ten percent increase for nominal GDP. His results indicate that
 
  A) he made an error when calculating nominal GDP.
  B) the quantity of goods and services produced decreased over the period.
  C) the quantity of goods and services produced increased and prices decreased over the period.
  D) the quantity of goods and services produced and prices both decreased over the period.
  E) the quantity of goods and services produced did not change and prices decreased over the period.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jointhecircus

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

B

Answer to Question 2

C




altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
Wow, this really help


bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library