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Author Question: Assume that an oligopolist has a kinked demand curve. Suppose that the marginal cost curve passes ... (Read 93 times)

jho37

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on: Jun 30, 2018
Assume that an oligopolist has a kinked demand curve. Suppose that the marginal cost curve passes through the gap in the marginal revenue curve. This means price and output will be shown by a point:
 a. above the curve.
  b. below the curve.
  c. at the kink
  d. on the upper part of the curve.
  e. on the lower part of the curve.

Question 2

In the short run, a firm will eventually experience rising per-unit costs because of:
 a. economies of scale.
  b. diseconomies of scale.
  c. the law of supply.
  d. the law of diminishing returns.


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IRincones

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

c

Answer to Question 2

d


jho37

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

JCABRERA33

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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