Multiple Choice
The "kinked" oligopoly demand curve is a result of the assumption by an oligopolist that:
A) price increases will be matched, but price reductions will not.
B) price increases will not be matched, but price reductions will.
C) both price increases and price reductions will be matched.
D) neither price increases, nor price reductions will be matched.
Correct Answer:
Verified
Correct Answer:
Verified
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