Business, 15.08.2020 02:01 natlovesfood
The kinked-demand curve for oligopolists assumes that rivals will match price cuts, but ignore price increases. match price cuts and price increases. neither match price cuts nor price increases. match price increases, but ignore price cuts. b. There is a gap in the oligopolist’s marginal-revenue curve because price drops abruptly. price rises abruptly. the cost of production changes abruptly. the slope of the demand curve changes abruptly. c. The kinked-demand curve explains price rigidity in oligopoly because firms expect any change in price will lower revenue and profits. firms agree to a given price. the firm's revenue will fall as the price falls. firms will not agree to a given price. d. Shortcomings of the kinked-demand model include a lack of explanation for how the initial price is set. the allowance for collusion. a lack of explanation for how the final price is set. the allowance for price leadership. Next Visit question mapQuestion 18 of 24 Total18 of 24 P
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Business, 21.06.2019 16:20, HarleyHailey
Winston uses the high-low method. it had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level of activity when sales equaled 20,000 units. what would winston estimate its total cost to be if sales equaled 8,000 units?
Answers: 3
Business, 21.06.2019 21:40, GreenHerbz206
Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .
Answers: 1
The kinked-demand curve for oligopolists assumes that rivals will match price cuts, but ignore price...
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