Business, 13.12.2021 19:50 carlosleblanc26

Which of the following is true of the kinked demand model ofâ€‹ oligopoly? A. Each firm believes that if it lowers its price the other firms will followâ€‹ suit, but if it raises its price the other firms will not raise their prices.
B. Eachâ€‹ firm's marginal revenue curve is discontinuous at its current level of output.
C. The model predicts price rigidity. Forâ€‹ example, the firms may not change their prices when marginal costs change.
D. All of the above are true.

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Which of the following is true of the kinked demand model ofâ€‹ oligopoly? A. Each firm believes t...

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