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    Managerial Economics Study Set 1
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    Exam 8: Market Structure and Long Run Equilibrium
  5. Question
    ​Nike Faces a More__________ Demand for Its Products Than a Shoe
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​Nike Faces a More__________ Demand for Its Products Than a Shoe

Question 3

Question 3

Multiple Choice

​Nike faces a more__________ demand for its products than a shoe polish producer.


A) ​inelastic
B) elastic
C) perfectly elastic
D) ​perfectly inelastic

Correct Answer:

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