Refer to the diagram. This firm's demand and marginal revenue curves are based on the assumption that:
A. the firm has no immediate rivals.
B. rivals will match both a price increase and a price decrease.
C. rivals will match a price increase but ignore a price decrease.
D. rivals will ignore a price increase but match a price decrease.
D. rivals will ignore a price increase but match a price decrease.
Economics
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Over a given period, economic depreciation is the change in capital equipment's
A) output. B) market value. C) rate of return. D) cost of maintenance.
Economics
The use of robots in agriculture is an example of
A) organizational changes leading to increased productivity. B) decreasing returns to scale. C) neutral technical change leading to increases in productivity. D) nonneutral technical progress.
Economics