Question: Question 2 60 pts Copy and paste the questions onto a word doc. Use a scanning app to upload your answers. Graph the Kinked Demand

Question 2 60 pts Copy and paste the questions onto a word doc. Use a scanning app to upload your answers. Graph the Kinked Demand Curve and label the points indicated by hand - do not use a PPT slide or other pre- made graph. Graph the Kinked demand curve of the uncooperative oligopolist. a) Identify the point of tacit collusion b) Explain the three phases of the kinked demand curve including why one segment is relatively price inelastic, while the other is relatively price elastic. c) Label the Nash Equilibrium d) Why does the oligopolist always return to the point of tacit collusion

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