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In a kinked demand market, whenever one firm decides to lower its price, A.other firms will automatically follow. B.none of the other firms will follow.
In a kinked demand market, whenever one firm decides to lower its price,
A.other firms will automatically follow.
B.none of the other firms will follow.
C.one half of the firms follow, and one half of the firms don't follow the price cut.
D.other firms all decide to exit the industry
E.all the other firms raise their prices.
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