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    Principles of Microeconomics
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    Exam 12: Price and Output Determination Under Oligopoly
  5. Question
    The Kinked Demand Curve Explains Why __________ Occurs in Oligopoly
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The Kinked Demand Curve Explains Why __________ Occurs in Oligopoly

Question 32

Question 32

Multiple Choice

The kinked demand curve explains why __________ occurs in oligopoly even when costs change


A) collusion
B) oligopolistic competition
C) price rigidity
D) marginal revenue rigidity
E) the kink

Correct Answer:

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