Most Heads of One-Parent Households

question 43

Multiple Choice

Most heads of one-parent households:

• A)eventually remarry.
• B)are sufficiently financially secure so that they do not seek remarriage.
• C)avoid remarriage until their children are grown.
• D)can be considered to be non-custodial parents.

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Definitions:

Kinked-Demand Curve

A model in oligopoly markets where firms face a more elastic demand curve for price increases and a less elastic curve for price decreases.

Marginal Revenue Curve

A graphical representation showing the change in total revenue that results from selling one additional unit of a product or service.

Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Collusion

A secret or illegal agreement or cooperation between parties to limit competition and manipulate prices or market conditions in their favor.