The Kinked Demand Curve Explains

question 130

Multiple Choice

The kinked demand curve explains

• A)The consequences of the interdependent behavior of oligopolists.
• B)Why oligopolists are more sensitive to cost changes than are competitive markets.
• C)Price-fixing along the elastic part of the demand curve and predatory pricing on the inelastic portion.
• D)How an oligopoly can achieve monopoly profits.

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