C. They cause prices to be flexible
Answer:
competitors will follow a price cut but ignore a price increase.
Explanation:
The Kinked demand curve model of oligoplolist is based on the assumption that competitors will follow price cut but ignore a price increase because of interdependence among firms price is rigid in oligopoly market. When a firm raises the price of its products none of its competitors will follow the same whereas in case firm reduces its price its competitors will follow the same.
Thus, it is prudent behaviour on the part of a firm not to change in the prices of its products frequently. It is because this reaction of rival firms, the demand curve face by an oligopoly firm has a kink. The kink is formed at prevailing price level.
The portion of demand curve above the kink is more elastic implying, when oligopolist increase the price of its product none of its competitors will follow it with expectation to capture the market demand created due rise in prices by first firm.
The lower portion of the kink is relatively inelastic showing that in case an oligopolist reduces its price its rival firms will also reduce their prices with a view to not to lose their market demand. Thus, it will not beneficial for the oligopolist in either of the situations. Therefore, it will stick to the prevailing price.
<span>wanted independent control of their own affairs</span>
Answer:c
Explanation: from the listed options
Securities issued by a railroad common carrier company.
Securities issued by a federal credit union established for teachers
Securities issued by a trust company . All of these are exempt from the registration requirements of the Uniform Securities Act.
Answer:
Money management simply means liquidity management.This in business parlance means the ability of the organisation to have to funds required as and when due
Explanation:
Strictly means being able to receive cash from customers in short time and the ability to pay suppliers on time which means neither too much in cash than needed or too little
