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In the Kinked-Demand Model of a Noncollusive Oligopoly,if One Firm

Question 112

Multiple Choice

In the kinked-demand model of a noncollusive oligopoly,if one firm decreases its price,the most likely reaction of the other firms will be to:


A) decrease their prices.
B) increase their prices.
C) not change their prices.
D) fix prices.

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