The Demand Curve Will Be Kinked If Rival Oligopolists

question 107

Multiple Choice

The demand curve will be kinked if rival oligopolists

• A)Match price increases but not price reductions.
• B)Match price reductions but not price increases.
• C)Match both price increase and price reductions.

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Definitions:

Standard Deviation

is a measure of the amount of variability or spread in a set of data.

Normally Distributed

This describes a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Average Balance

The mean value derived from summing all balances over a certain period and dividing by the number of periods.

Standard Deviation

A gauge for the level of variance or scattering of values within a dataset.