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In Australia, Coles and Woolworth are the two major supermarket chains that dominate about 70% of the Australian supermarket business. Draw and explain a kinked

In Australia, Coles and Woolworth are the two major supermarket chains that dominate about 70%

of the Australian supermarket business. Draw and explain a "kinked demand curve" by using this

situation as an example.

Explain why firms that face a kinked demand curve are likely to engage in non-price competition.

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