In a non-collusive oligopoly, if one firm increased its price, what would the other firms likely do?
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In a non-collusive oligopoly, if one firm increased its price, what would the other firms likely do? What about a price decrease? How is this related to a kinked demand curve?
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Firms will not follow a price increase However they will follow a price decrease ...View the full answer
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Shameen Tahir
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