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When the Cylinders Are Deactivated on a Displacement on Demand

question 15

Multiple Choice

When the cylinders are deactivated on a displacement on demand system, _____.


Definitions:

Kinked-Demand

A demand curve hypothesis in oligopolistic markets that explains why firms may not change their prices even when costs change, due to competitive reactions.

Oligopolist

A firm or business that is part of a market structure where a few companies dominate the industry, often leading to limited competition.

Kinked-Demand Model

A model in economic theory that suggests prices in an oligopoly market tend to become rigid or stable due to competitive reactions.

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