Oligopolists Have an Incentive to Coordinate Price Because with Coordination

question 3

Multiple Choice

Oligopolists have an incentive to coordinate price because with coordination

• A)The demand for each firm's product is kinked.
• B)Each firm faces a perfectly inelastic demand for its product.
• C)The market demand curve is perfectly inelastic.
• D)Each firm faces a relatively inelastic demand for its product.

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Definitions:

Ependymal Cells

Ciliated cells that line internal cavities of CNS; help produce and circulate cerebrospinal fluid.

Macrophage

A large phagocytic cell capable of ingesting and digesting bacteria and cell debris. Macrophages are also antigen-presenting cells.

Acetylcholine

Acetylcholine is a neurotransmitter involved in many functions including muscle activation, heart rate regulation, and the modulation of brain function.

Graded Potential

A shift in electrical charge across a neuron's membrane, varying in magnitude, that can initiate an action potential if it reaches a threshold.