A firm with a flat demand curve
A) has no brand loyalty.
B) has weak brand loyalty.
C) has strong brand loyalty.
D) isn't really worried about brand loyalty; flat demand curves guarantee zero profit.
A
Economics
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Pollution is a form of market failure called a negative externality
a. True b. False
Economics
The share of the labor force that was unionized fell from more than 30 percent in the 1950s to less than 15 percent in the 2000s. During this time period, the share of national income allocated to labor (in contrast to capital)
a. decreased by approximately 10 percent. b. decreased by more than 15 percent. c. increased by 10 percent. d. was virtually unchanged.
Economics