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A drawback of the kinked demand curve model is that:
Highest Status
The top position in a hierarchical social, professional, or other ranking system, signifying the greatest level of power, prestige, or respect.
Call Girl
A sex worker who arranges appointments with clients, typically via telephone, and may provide outcall services.
Prostitutes
Individuals who engage in sexual activity with clients in exchange for money or other forms of payment.
Stratified Occupation
A classification of jobs into a hierarchical structure based on criteria such as prestige, income, or social status.
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