If a Firm in an Oligopoly Is Said to Face

Multiple Choice

If a firm in an oligopoly is said to face a kinked demand curve, what do you know to be true about the kink?

A) It represents the maximum price and profit.
B) It occurs at the only output level where the firm suffers loss.
C) It occurs where marginal revenue is zero.
D) It is not a characteristic of an oligopoly.
E) It occurs at the current price