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Author Question: The demand curve, which assumes that competitors will follow price decreases but not price ... (Read 84 times)

fox

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on: Jul 1, 2018
The demand curve, which assumes that competitors will follow price decreases but not price increases, is called
 
  A) an industry demand curve.
  B) an inelastic demand curve.
  C) a kinked demand curve.
  D) a competitive demand curve.

Question 2

Laws that are used to prevent firms from colluding and setting high prices are called
 
  A) anti-trust laws.
  B) price ceiling laws.
  C) anti-cartel laws.
  D) anti-competition policies.


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tandmlomax84

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


fox

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

patma1981

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

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