Multiple Choice
If an oligopolistic manufacturer believes that he faces a kinked demand curve for his product, he thinks his competitors will ______ if he lowers his price and ____ if he raises his price.
A) lower their prices; raise their prices
B) lower their prices; not raise their prices
C) not lower their prices; raise their prices
D) not lower their prices; not raise their prices
Correct Answer:
Verified
Correct Answer:
Verified
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