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Business, 06.04.2021 03:50 jailinealvarado24
Which statement concerning the kinked demand curve model of oligopoly is false? The portion of the demand curve above the "kink" is more elastic than the portion below. The firm's marginal costs can sometimes shift without changing the profit-maximizing price and output. It assumes when one oligopolist raises the price, all others will follow. It addresses the question of price "stickiness."
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Which statement concerning the kinked demand curve model of oligopoly is false? The portion of the d...
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