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Author Question: A kinked demand curve is based on the actions of an oligopolist to follow a price increase but not a ... (Read 54 times)

washai

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  • Posts: 523
on: Jun 30, 2018
A kinked demand curve is based on the actions of an oligopolist to follow a price increase but not a price reduction.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the average variable cost curve, the marginal cost must be:
 a. greater than the average variable cost.
  b. less than the average variable cost.
  c. equal to the average variable cost.
  d. at its minimum.


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rosiehomeworddo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


washai

  • Member
  • Posts: 523
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dawsa925

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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