A Prediction from the Kinked Demand Curve Model of Oligopoly

question 146

Multiple Choice

A prediction from the kinked demand curve model of oligopoly is that, for an individual firm, small changes in

• A)demand will lead to changes in price or output.
• B)marginal revenue will lead to changes in price and output.
• C)marginal cost will lead to changes in price and output.
• D)marginal cost will not lead to changes in price or output.

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