Answer:
true
Explanation:
i believe forgive me if wrong
Answer:
The correct answer ise. do nothing and leave prices unchanged.
Explanation:
It has been observed that many oligopolistic industries exhibit an appreciable degree of price rigidity or stability. In other words, in many oligopolistic industries prices remain sticky or inflexible, that is, there is no tendency for oligopolists to change the price even if economic conditions undergo a change.
There have been many explanations of this price rigidity in the oligopoly and the most popular explanation is the so-called crooked demand curve hypothesis. The crooked demand curve hypothesis was presented independently by Paul M. Sweezy, an American economist, and by Hall and Hitch, Oxford economists.
It is to explain the price and production under oligopoly with product differentiation, that economists often use the hypothesis of the crooked demand curve. This is because when products under oligopoly differ, it is unlikely that when a company increases its price, all customers abandon it because some customers are intimately linked to it due to product differentiation.
As a result, the demand curve facing a company under differentiated oligopoly is not perfectly elastic. On the other hand, under the oligopoly without product differentiation, when a company increases its price, all its customers leave it, so that the demand curve faced by an oligopolist that produces a homogeneous product can be perfectly elastic.
The answer is less government regulation.
The other three are all restricting the businesses, even thought this statement was made by supporters of socially responsible businesses and the result should be positive.
I hope this helps!
The term you are looking for is: DOMAIN EXPERT.
Answer:.b----underutilized, making it more likely that the short run aggregate supply curve (SAS) will shift down.
Explanation: At points on the short run aggregate supply curve shifting to the left of the long run aggregate supply curve means that the economy is at the stage where output in the short run will not exceed output on the long run therefore resources will be underutilized resulting to lower prices and therefore causing a a downward shift on the short run aggregate supply curve.
