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Which of the following statements is consistent with the kinked demand curve model in Figure 12.2? Which of the following statements is consistent with the

Which of the following statements is consistent with the kinked demand curve model in Figure 12.2? Which of the following statements is consistent with the kinked demand curve model in Figure 12.2? The demand curve above the kink is more inelastic than below the kink. The marginal revenue curve is discontinuous at output level Q3. The marginal cost curve is discontinuous at output level Q1. Rivals would match a decrease in price to P3

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