The "Kinked" Oligopoly Demand Curve Is a Result of the Assumption

question 45

Multiple Choice

The "kinked" oligopoly demand curve is a result of the assumption by an oligopolist that:

• A) price increases will be matched, but price reductions will not.
• B) price increases will not be matched, but price reductions will.
• C) both price increases and price reductions will be matched.
• D) neither price increases, nor price reductions will be matched.

---

Definitions:

Paragraph Length

The measure of a paragraph in terms of number of sentences or words, affecting readability and structure in written text.

Paragraph Unity

The coherence and consistency of ideas within a paragraph, ensuring that all sentences support the main topic.

Two Subjects

Relates to discussing or addressing two distinct topics within a single context or framework.

Virtual Cover Letter

An electronic version of a cover letter, typically accompanying online job applications, to introduce the applicant and highlight key qualifications.