What assumptions about a rivals response to price changes underlie the kinked-demand curve for oligopolists? Why is
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Assumptions 1 Rivals will match price cuts 2 Rivals will ignore price increases The gap in t...View the full answer
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Related Book For 
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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