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ECON204 HOMEWORK THANK YOU Question 8 X According to the kinked demand curve theory of sticky prices, in an oligopolistic market: Selected Answer: a price

ECON204 HOMEWORK THANK YOU
Question 8 X According to the kinked demand curve theory of sticky prices, in an oligopolistic market: Selected Answer: a price increase by one firm will be followed by the other firms. B. Answers: a price decrease by one firm will not be followed by the other firms. A. a price increase by one firm will be followed by the other firms. B. the kinked demand curve is inelastic in the upper portion and elastic in the lower portion of the curve. C. the kinked demand curve is elastic in the upper portion and inelastic in the lower portion of the curve. D

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