One Practical Implication of a Kinked Market Supply Curve Is

question 119

Multiple Choice

One practical implication of a kinked market supply curve is that:

• A) producer surplus is not defined at the kink point.
• B) the MC = MR rule does not hold at the kink point.
• C) the market supply elasticity for a price increase may be different than the market supply elasticity for a price decrease at the kink point.
• D) All of the above are true.

---

Definitions:

Pathogens

Microorganisms or agents that cause disease, including bacteria, viruses, fungi, and parasites.

Senescence

Sum of the processes involving aging, decline, and eventual death of a plant or plant part.

Cytokinin

Plant hormone that promotes cell division; often works in combination with auxin during organ development in plant embryos.

Gibberellin

A group of plant hormones that stimulate stem elongation, germination, and flowering.