In the above figure, if d1 is the relevant demand curve for this firm, then which level of output will maximize this firm's profits or minimize its losses?

Milton Friedman first proposed the hypothesis that individuals consume a fraction of their expected, or ________, income

A) disposable B) net C) attainable D) permanent E) life-cycle

Supplier power is high when

a. Suppliers are concentrated b. The inputs provided are critical c. The inputs provided are unsubstitutable d. All of the above