Question: The Sweezy Kinked Demand Curve model is based on the assumption that each firm considers its rival's output to be fixed. considers its rival's price

The Sweezy Kinked Demand Curve model is based on the assumption that each firm

considers its rival's output to be fixed.

considers its rival's price to be fixed.

believes rivals will match all price changes.

believes rivals will never match price changes.

neither considers or believes any of the above.

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