If quantity demanded falls by 25 percent when price rises by 50 percent, demand is said to be:

If the marginal cost for Dinky's Donuts to advertise one additional day each week in the local newspaper is $200, then Dinky's Donuts should advertize that additional day

A) until the marginal benefit the company receives reaches zero. B) as long as the marginal benefit the company receives each week is just equal to or greater than $200. C) as long as the weekly marginal cost does not rise. D) only if the marginal benefit the company receives each week is greater than $200 plus an acceptable profit margin.

Mutual interdependence among firms is one of the key characteristics of an oligopoly market that distinguishes it from the other three major market structures

Indicate whether the statement is true or false