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Under the Kinked Demand Curve Model,an Increase in Marginal Cost

Question 10

Multiple Choice

Under the kinked demand curve model,an increase in marginal cost will lead to


A) an increase in output level and a decrease in price.
B) a decrease in output level and an increase in price.
C) a decrease in output level and no change in price.
D) neither a change in output level nor a change in price.

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