This strategy likely work. it is likely that the other companies in the industry will respond by their prices. in this scenario, expect to gain new customers. according to the kinked demand curve theory, this behavior creates a demand curve that is at prices above the cartel price and at prices below the cartel price.

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases. b. the marginal cost of going to ft. lauderdale decreases. c. the marginal benefit of going to cancun increases. d. the marginal benefit of going to ft. lauderdale decreases.

An increase in mexico’s demand for united states goods would cause the value of the dollar to