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Economics
The reason for the kinked demand curve is that ?
A
The oligopolist believes that competitors will match output increase but not output reduction
Option A
B
The oligopolist believes that competitors will match price increase but not output reduction
Option B
The oligopolist believers that competitors will match price cuts but not price rises
Correct answer
D
The oligopolist believes that competitors will match price increase but not output increase
Option D
Correct answer: C
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