question archive   The kinked demand curve is based upon the assumption that an oligopolist's rival will: a

  The kinked demand curve is based upon the assumption that an oligopolist's rival will: a

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The kinked demand curve is based upon the assumption that an oligopolist's rival will:

a. Ignore a price cut, but follow a price increase.

b. Follow both a price cut and a price increase.

c. Ignore both a price cut and a price increase.

d. Follow a price cut, but ignore a price increase.

e. None of the above.

Option 1

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