According to the kinked demand curve model, regardless of whether a firm increases or decreases price, its total revenues will decrease as a result of the price change

The problem of asymmetric information in multi-plant firms involves

A) only the problem of how to get managers to produce as much as possible. B) only the problem of how to get managers to produce the amount the larger firm wants them to, whether it be a lot or a little. C) both the problem of how to get managers to produce the appropriate amount and the problem of how to get them to accurately report their capacity. D) both the problem of how to get managers to produce the appropriate amount and the problem of how to get them to not sell that output outside of the firm. E) both the problems of vertical and horizontal integration with the rest of the firm.

What are the four main sources of comparative advantage? Briefly explain each source and provide examples

What will be an ideal response?