The kink in an oligopolistic firms kinked demand curve occurs because a. competing firms will follow a

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The kink in an oligopolistic firm’s kinked demand curve occurs because

a. competing firms will follow a price cut, but not a price increase.

b. competing firms will follow a price increase, but not a price cut.

c. competing firms will follow both price cuts and price increases.

d. competing firms will not follow either a price cut or price increase.

e. when industry demand falls, some competing firms will cut price, others will not.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 11, 2024 07:06 AM

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The kink in an oligopolistic firms kinked demand curve occurs because a. competing firms will follow a

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Principles Of Microeconomics

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