Multiple Choice
If competing oligopolists completely ignore oligopolist X's price changes, then X's
A) demand curve will be less elastic than if the other oligopolists matched X's price changes.
B) demand curve will be more elastic than if the other oligopolists matched X's price changes.
C) marginal revenue curve will have a vertical gap.
D) demand and marginal revenue curves will coincide.
Correct Answer:
Verified
Correct Answer:
Verified
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