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Consider the Relationship Between a Kinked Demand Curve and the Corresponding

Question 111

Multiple Choice

Consider the relationship between a kinked demand curve and the corresponding marginal revenue curve. Below the point where the kinked demand curve has its characteristic kink, the marginal revenue curve is


A) positively sloped
B) a horizontal line
C) a vertical line
D) discontinuous
E) nonexistent because of the kink

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