A major prediction of the kinked demand curve model is:
A. Price stability in oligopolies
B. Price instability in oligopolies
C. Stability of production costs in oligopolies
D. Instability of costs in oligopolies
A. Price stability in oligopolies
Economics
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Prices that adjust nearly on a daily basis are
A) heavy prices. B) sticky prices. C) auction prices. D) custom prices.
Economics
Why is our ability limited in using economic fundamentals to predict exchange-rate movements for short periods into the future? Why is there some success in predicting exchange rates in the long run?
What will be an ideal response?
Economics