If an Oligopolist's Competitors Follow Its Price Cuts but Ignore

question 207

True/False

If an oligopolist's competitors follow its price cuts but ignore its price increases, the oligopolist would end up holding its price constant even if its marginal cost changes.

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Definitions:

Imagined Characteristics

Attributes or qualities that are perceived or believed to exist, often without empirical evidence or based on stereotypes.

Attitude

A psychological tendency that is expressed by evaluating a particular entity with some degree of favor or disfavor.

Prejudice

A preconceived opinion or judgment formed without sufficient knowledge or just grounds, often leading to discrimination or negative social actions.

Athletic Superiority

Athletic superiority refers to the superior physical abilities, skills, and accomplishments of individuals or teams in sports and athletic competitions.