In the kinked demand curve model, the section of the demand curve above the kink is Select crn e: G Inelastic because it is assumed rivals will not match a price increase Inelastic because it is assumed rivals will match a price increase Q Elastic because it is assumed rivals will not match a price increase Elastic because it is assumed rivals will match a price increase A key implication of the kinked demand curve theory is that Select one: Long run economic profit is possible in oligopoly O Prices are sticky in oligopoly O Collusion is likely in oligopoly O Competition is likely in oligopoly