An Oligopolist's Effective Demand Curve Will Be Kinked If the Firm

question 132

Multiple Choice

An oligopolist's effective demand curve will be kinked if the firm

• A)is acting as a price leader in the industry.
• B)expects other firms to match price cuts but not price increases.
• C)expects other firms to match all price changes.
• D)fears new entry into the industry.

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