If a Firm Is Producing at the Kink in Its

question 78

Multiple Choice

If a firm is producing at the kink in its demand curve and it decides to decrease its price,according to the kinked demand model

• A)It will gain market share.
• B)It will lose market share to the firms that do not follow the price decrease.
• C)Its market share will not be affected.
• D)It will lose market share,but its profits will decrease.

---

Definitions:

Recombinant Gene

A gene that has been created by combining DNA from two or more different sources.

Functional Enzymes

Proteins that act as catalysts for biochemical reactions within living organisms, maintaining the body's metabolism.

Transformation

The incorporation of genetic material into a cell, thereby changing its phenotype. The conversion of a normal cell to a cancer cell (called a malignant transformation).

Plasmids

Small, circular, double-stranded DNA molecules found in bacteria and some yeasts that can replicate independently of chromosomal DNA.