A. Invest heavily in branding
B. Act independently of other firms
C. Try to differentiate its products
D. Try to be a price maker
A. End benefit
B. Trickle down
C. Free market
D. Capitalism
A. capital outflows
B. merchandise exports
C. private gifts to foreigners
D. foreign aid granted to other nations
A. The price elasticity of supply is + 3
B. The price elasticity of supply is + 0.2
C. The price elasticity of supply is + 2
D. The price elasticity of supply is infinity
A. Rice
B. Wheat
C. Sugarcane
D. None of the above
A. only in the short run, and not without inflation
B. only in the long run and not without inflation
C. only is the short run and only if the price level is constant
D. only in the long run and only if the price level is constant
A. behave like competitive firms
B. agree to act together
C. differentiate their products
D. practice price discrimination