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The diagram below that accompanies this question illustrates curves for a firm operating in a differentiated-product oligopoly. One of the demand curves is relevant when
The diagram below that accompanies this question illustrates curves for a firm operating in a differentiated-product oligopoly. One of the demand curves is relevant when rivals match the firm's price changes; the other demand curve is relevant when rivals do not match price changes.
Which answer is most relevant when rivals will match any price change?
a) Demand A & MR-A
b) Marginal Cost
c) Demand A & MR-B
d) Demand B & MR-B
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