Question 9 (1 point) Listen Monopolistic competition is categorized by low barriers to entry, while oligopoly is categorized by high barriers to entry. True False Question 10 (1 point) ) Listen An oligopoly faces a kinked demand curve because O the demand curve that is most inelastic is the most probable situation facing the company. it is most likely that rivals will match price cuts but not price increases. O the demand curve that is most elastic is the most probable situation facing the company. it is most likely that competitors will match price hikes as they practice price leadership