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Question 3 In Australia, Coles and Woolworth are the two major supermarket chains that dominate about 70% of the Australian supermarket business. Draw and explain

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Question 3 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. (About 80 words)

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