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F C O B https://uonline.newcastle.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_137813_1&cour Remaining Time: 19 minutes, 16 seconds. Question Completion Status: QUESTION 1 The kinked demand curve' concept attempts to explain: O

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F C O B https://uonline.newcastle.edu.au/webapps/assessment/take/launch.jsp?course_assessment_id=_137813_1&cour Remaining Time: 19 minutes, 16 seconds. Question Completion Status: QUESTION 1 The kinked demand curve' concept attempts to explain: O a. The demand for adult products' from certain shops, often illuminated with red and pink lights. O b. Why in some oligopolistic industries the prices and outputs for some of the products of the main competitors remain relatively stable for a long period. O c. Differences in elasticities for some products due to differences in consumer incomes. O d. Why in some oligopolistic industries the prices and outputs for some of the products of the main competitors are often very volatile and unstable. QUESTION 2

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