The kinked demand curve theory attempts to explain why an oligopolistic fi rm a. has relatively large

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The kinked demand curve theory attempts to explain why an oligopolistic fi rm

a. has relatively large advertising expenditures.

b. fails to invest in research and development

(R&D).

c. infrequently changes its price.

d. engages in excessive brand proliferation.

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Economics For Today

ISBN: 9780226734798

7th Edition

Authors: Irvin B. Tucker

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