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6a ) The kinked demand curve describes why prices are sticky. i. Illustrate and explain the importance for 'sticky' prices under oligopoly. ii. A Kink

6a ) The kinked demand curve describes why prices are sticky.

i. Illustrate and explain the importance for 'sticky' prices under oligopoly.

ii. A Kink in the demand curve translates into a gap. Explain why a shift in MC within the gap will not alter the profit maximization point?

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