Oligopoly Mcqs for Economics


Q.  In the kinked Demand Curve theory it is assumed that ?

a. An increase in price by the firm is not followed by others
b. An increase in price by the firm is followed by others
c. A decrease in price by the firm is followed by others
d. Firms collude to fix the price


ANSWER: See Answer
 
No explanation is available for this question!
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