Refer to Figure 2.1. At point C, demand is:
A) completely inelastic.
B) inelastic, but not completely inelastic.
C) unit elastic.
D) elastic, but not infinitely elastic.
E) infinitely elastic.
Question 2
Collusion can earn higher prices and higher profits under the Bertrand model, but why is this an unlikely outcome in practice?
A) Firms prefer to remain independent of other firms so that their pricing plans can be more flexible over time.
B) The collusive firms have an incentive to gain market share at the expense of the other firms by cutting prices.
C) The federal antitrust authorities have an easier time catching firms that collude on price rather than quantity.
D) none of the above
Point Sources of Pollution
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Some ignition coils are electrically connected, called married (top figure), whereas others use ...
Dew point/temperature relationships in (a) unsaturated air and saturated air (b and c).
Use of a hand tool to apply pressure to a trigger point.
A three-point mapping cross in Drosophila melanogaster