If an Oligopolist Is Faced with a Marginal Revenue Curve

question 209

Multiple Choice

If an oligopolist is faced with a marginal revenue curve that has a gap in it, we may assume that

• A)it is colluding with its rivals to maximize joint profits.
• B)its demand curve is kinked.
• C)it is selling a standardized product.
• D)it is selling a differentiated product.

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Definitions:

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