Of the Following Which Characteristics of a Potential Source Might

question 1

Multiple Choice

Of the following which characteristics of a potential source might be the most concerning?

• A) the source was found in a non-refereed journal.
• B) the source was a very short research study.
• C) the source was published in the 1990s.
• D) the source did not contain any data.

---

Definitions:

Kinked Demand Curve Model

Oligopoly model in which each firm faces a demand curve kinked at the currently prevailing price: at higher prices demand is very elastic, whereas at lower prices it is inelastic.

Rivals' Price

The cost set by competing businesses for similar products or services in the market.

Marginal Cost

The additional cost associated with producing one more unit of output.

Profit Maximizing

The process or strategy of adjusting production levels, pricing, and other operational parameters to achieve the highest possible profit.