The Kinked-Demand Curve Is Based Upon the Assumption That an Oligopolist's

question 69

Multiple Choice

The kinked-demand curve is based upon the assumption that an oligopolist's rivals will:

• A) ignore a price cut but follow a price increase.
• B) follow both a price cut and a price increase.
• C) ignore both a price cut and a price increase.
• D) follow a price cut,but ignore a price increase.

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