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In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:

A. Price and output determination

B. Price rigidity (price stickness)

C. Price leadership

D. Collusion among rivals

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The demand of the luxuries is:
  2. The firm in cournot model:
  3. The non-price competition cartel is a:
  4. The model which gives us information about price and output changes in different periods is:
  5. Cross-demand curve shows:
  6. Supply curves are most elastic:
  7. Which of the following is assumed to be constant when a supply curve is drawn:
  8. The competitive equilibrium leads to:
  9. Whish of the following represents the average revenue curve of a firm?
  10. The alternative of profit maximization theory is:
  11. Two policy variables, product and selling activities in the theory of firm was introduced by:
  12. On an indifference map higher indifference curves show:
  13. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  14. An iso-product (an isoquant) curve slopes:
  15. 7.The costs which the firms have to face in order to change the price tags of their products and services…
  16. In Nash Equilibrium:
  17. Moving along an indifference curve leaves the consumer:
  18. When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e], the MR will:
  19. In the case where two commodities are good substitutes then cross elasticity will be:
  20. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  21. Which of the following is not a U shaped curve:
  22. Under the perfect competition, the transportation cost:
  23. If a firm is producing output at a point where diminishing returns have set in, this means that:
  24. The water diamond paradox was firstly resolved with the help of:
  25. The cost that a firm incurs in purchasing or hiring any factor of production is referred to as:
  26. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  27. We can write ordinal utility function as:
  28. The main contribution of Malthus is in the field of:
  29. The law of demand is most directly a result of:
  30. Each firm in cournot model assumes that its competitor will: