32 The kinked-demand curve model of oligopoly:Multiple Choicesuggests a firm's rivals will ignore a price cut but match a price increase.assumes a firm's rivals will ignore any price change it may initiate.assumes a firm's rivals will match any price change it may initiate.suggests small changes in unit costs will have no effect on equilibrium price and output.

A kinked demand curve(D-curve) happens when the D-curve is not a straight line but it has different…

Answered: The kinked-demand curve model of…

The kinked-demand curve model of oligopoly: Multiple Choice suggests a firm's rivals will ignore a price cut but match a price increase.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The kinked-demand curve model of oligopoly:
Multiple Choice
suggests a firm's rivals will ignore a price cut but match a price increase.
assumes a firm's rivals will ignore any price change it may initiate.
assumes a firm's rivals will match any price change it may initiate.
suggests small changes in unit costs will have no effect on equilibrium price and output.

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