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  3. Study Set
    Microeconomics Principles for a Changing World
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    Exam 10: Monopolistic Competition, Oligopoly, and Game Theory
  5. Question
    The Kinked Demand Curve Model Leads to a Discontinuity in the MR
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The Kinked Demand Curve Model Leads to a Discontinuity in the MR

Question 263

Question 263

True/False

The kinked demand curve model leads to a discontinuity in the MR curve, which shows that MC must change significantly before price changes occur.

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