Exam Question
A firm that has a kinked demand curve assumes that, if it raises its price,…of its competitors will raise their prices and that, if it lowers its price,…of its competitors will lower their prices
- 1. all; all
- 2. none; all
- 3. all; none
- 4. none; none
View Answer
Answer 1. all; all
Practice set and Exam Quiz
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