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If an Oligopolist Is Faced with a Marginal Revenue Curve

Question 193

Multiple Choice

If an oligopolist is faced with a marginal revenue curve that has a gap in it, we may assume that


A) it is colluding with its rivals to maximize joint profits.
B) its demand curve is kinked.
C) it is selling a standardized product.
D) it is selling a differentiated product.

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