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Figure 13-3 ​

question 120

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Figure 13-3
Figure 13-3 ​   -In Figure 13-3, demand curve CAD represents a market in which oligopolists will match the price changes of rivals and demand curve EAB represents a market in which oligopolists will ignore the price changes of rivals.According to the kinked demand model, the relevant demand curve will be A) demand curve CAB. B) demand curve CAD. C) demand curve EAD. D) demand curve EAB.
-In Figure 13-3, demand curve CAD represents a market in which oligopolists will match the price changes of rivals and demand curve EAB represents a market in which oligopolists will ignore the price changes of rivals.According to the kinked demand model, the relevant demand curve will be

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Definitions:

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Variables in a statistical model that are believed to explain or influence changes in a response variable.

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A measure of the dispersion or variability within a set of data points, indicating how spread out the values are from the mean.

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The average value of a sample set of numbers, used as an estimator of the population mean in statistical analysis.

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