Multiple Choice
As a result of the assumptions of a kinked demand curve model
A) the portion of the demand curve above the kink is less elastic than below the kink.
B) the portion of the demand curve above the kink is more elastic than below the kink.
C) the MR curve is a continuous line.
D) oligopoly prices are unstable.
Correct Answer:
Verified
Correct Answer:
Verified
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