Business, 10.01.2020 02:31 oprajapati
If an oligopolist is faced with a marginal revenue curve that has a gap in it, we may assume that:
a. it is colluding with its rivals to maximize joint profits.
b. its demand curve is kinked.
c. it is selling a standardized product.
d. it is selling a differentiated product.
Answers: 2
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If an oligopolist is faced with a marginal revenue curve that has a gap in it, we may assume that:...
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