As a result of a kinked demand curve, the pricea. fluctuates.b. falls below the kink.c. settles at the kink.d. rises above the kink.

Match each letter with one answer choice

e. Please describe the effect on quantity and price when firms have an incentive to exit the market. (Hint: the number does not matter; just clarify how quantity and price change.) Price 12 10 8 6 4 2 ○ 20 20 40 60 MC ATC 80 AVC Demand curve 100 Quantity (beach balls per day)

If a firm charges a lower price they will have a lower profit margin but a higher profit; if a firm charges a higher price they will have a higher profit margin but a lower profit. Which of the following statements is accurate? A. The firm should charge a lower price for the higher profit. B. The firm should a higher price for the lower profit. C. The firm should charge a higher price for the higher profit margin. D. Whether the firm should charge a higher price or lower price indeterminate.

Adam buys luxury wristwatches in Greece for $70.00 and sells them in Germany for $120.00. This act is known as? A. Bundling B. Arbitrage C. Market separation D. Tying

dont use chatgpt i will 10 upvotes

Which statement is NOT a feature of markets for network goods?   A. Standard wars are common in establishing network goods.   B. Network goods are usually sold by monopolies or oligopolies.   C. When networks are important, the “best” product may not always win.   D. Competition in the market for network goods is “in the market” instead of “for the market."

A market tends to be monopolistic if   a.  ​The good has too many substitutes     b.  ​The good has very few substitutes     c.  ​There are too many rivals     d.  ​The good has too few complements

In this video, Hamida may have made a mistake in identifying the profit/loss area. Identify whether or not she's made a mistake. If she hasn't, mark it as right. If she has, then identify the right profit/loss area. The graph is attached here again for your convenience Costs and revenue $ P2 P₁ Pol 0 W Qy MR MC ATC AVC Demand Quantity Hamida did not make a mistake. There is a loss of (P1-P2)Qy for this monopolistically competitive firm There is a positive profit of (P1-P2)Qy for this monopolistically competitive firm O There is a loss of (P2-PO)Qy for this monopolistically competitive firm