If Rival Oligopolists Completely Ignore Mitchell's Tool Company's Price Changes,then

question 1

Multiple Choice

If rival oligopolists completely ignore Mitchell's Tool Company's price changes,then Mitchell's Tool Company's

• A)Demand curve will not have a kink.
• B)Most profitable strategy will be to raise its price.
• C)Demand curve will be less elastic than if rivals matched price changes.
• D)Demand and marginal revenue curves will be the same.

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