question archive The kinked demand curve model of oligopoly predicts that A
The kinked demand curve model of oligopoly predicts that A
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The kinked demand curve model of oligopoly predicts that
A. the price a firm sets does not change if there are small changes in the firm's marginal costs.
B. price wars in the industry are common.
C. the prices charged by any of the firms in the industry never change.
D. the price a firm sets does not change if there are large changes in the firm's marginal costs.
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