Sticky prices are a direct result of the kinked demand curve

A firm that places its assets in the custody of a board of trustees is called a:

a. trust. b. combination. c. cartel. d. all of these.

If a firm's average fixed cost is $4 and its average total cost is $6, its average variable cost is:

A. $20. B. $10. C. $1. D. $2.