Business, 25.10.2019 19:43 katarawho

If an oligopolistic manufacturer believes that he faces a kinked demand curve for his product, he thinks his competitors will if he lowers his price and if he raises his price.

(a) lower their prices; not raise their prices
(b) lower their prices; raise their prices
(c) not lower their prices; not raise their prices
(d) not lower their prices; raise their prices

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If an oligopolistic manufacturer believes that he faces a kinked demand curve for his product, he th...