If an Oligopolist's Demand Curve Has a "Kink" in It,then

question 133

Multiple Choice

If an oligopolist's demand curve has a "kink" in it,then:

• A) the oligopolist's marginal cost curve has a break in it.
• B) the oligopolist need not fear entry into the industry by new firms.
• C) the oligopolist's competitors will not react to its price changes,either up or down.
• D) over some interval,a change in the oligopolist's marginal cost will not cause a change in the oligopolist's profit-maximizing price.

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Definitions:

Inventory Turnover

A financial ratio that shows how many times a company's inventory is sold and replaced over a period.

Mode

The most recurrent value in a data set.

Most Frequently

Occurring or happening with the highest occurrence or commonality among a set of options or instances.

Values

The beliefs or principles that individuals hold as important, guiding their behavior and decision-making.