Assume That an Oligopolist Has a Kinked Demand Curve

question 21

Multiple Choice

Assume that an oligopolist has a kinked demand curve. Suppose that the marginal cost curve passes through the gap in the marginal revenue curve. This means price and output will be shown by a point:

• A) above the curve.
• B) below the curve.
• C) at the kink.
• D) on the upper part of the curve.

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