In the Dominant Firm Model,if the Elasticity of Market Demand

question 32

Multiple Choice

In the dominant firm model,if the elasticity of market demand is 0.75,the dominant firm's market share is 0.25,and the elasticity of supply of the competitive fringe is 2,then the dominant firm's elasticity of demand is _____.

• A)3
• B)5
• C)7
• D)9

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Definitions:

Longissimus Capitis

A muscle in the back of the neck and upper thoracic region that extends, bends, and rotates the head.

Splenius

A band of muscle in the back of the neck and upper thoracic region important for movements of the head and neck, such as rotation and extension.

Occipital Bone

A bone that forms the posterior and lower part of the skull, having a crucial role in cranial structure and protection of the brain.

Desktop Search Engines

Software systems designed to search for information on a user's own computer.