A kinked demand curve is based on the actions of an oligopolist to follow a price increase but not a price reduction

The Sherman Anti-Trust Act gave the U.S. government the power to control

a. monopolies b. public utilities c. the postal service d. the stock market

Tom & Jerry are running Hanna Barbera's lemonade stand as two profit centers. Tom makes the lemonade while Jerry sells it. Jerry argues that Tom is transferring the lemonade to him priced too high, which forces him to charge the customers a high price, losing sales. Does the decision maker have the incentive to make a good decision?

a. Yes, because it increases the division profit b. No, because it decreases division profit c. Yes, because it does not affect division profit d. No, because it increases company-wide profit