An economic consultant recently reported to Sam Snerd that the cross-price elasticity between his product and another firm's scooters is 4.5 . From this information Sam can conclude that
a. his firm's market is smaller
b. his firm is a monopolist
c. his firm's product has few substitutes
d. there is at least one other firm in his relevant market
e. scooters are complimentary to his firm's product
D
Economics
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The absence of clear property rights
A) is common in many developing nations. B) encourages creative destruction. C) is caused by capital deepening. D) all of the above.
Economics
In the graph of the Solow growth model, at any point to the right of the steady-state intersection we have national saving per person ________ than steady-state investment per person, causing (K/N) to ________
A) greater, increase B) greater, decrease C) less, increase D) less, decrease
Economics