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The Kinked-Demand Curve of an Oligopolist Is Based on the Assumption

Question 240

Multiple Choice

The kinked-demand curve of an oligopolist is based on the assumption that


A) competitors will follow a price cut but ignore a price increase.
B) competitors will match both price cuts and price increases.
C) competitors will ignore a price cut but follow a price increase.
D) there is no product differentiation.

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