According to the Kinked Demand Curve Model, an Oligopolist May

question 227

Multiple Choice

According to the kinked demand curve model, an oligopolist may face

• A)more elastic demand than a monopolistic competitor.
• B)less elastic demand than a monopolistic competitor.
• C)more elastic demand if she raises her price than if she lowers her price.
• D)less elastic demand if she raises her price than if she lowers her price.

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