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23 Nov 2019
According to the kinked demand curve model, firms expect rivals to follow ________ but not ________.
quantity increases; quantity decreases
price decreases; price increases
price increases; quantity decreases
price increases; price decreases
quantity decreases; quantity increases
The demand curve for a monopolist is
horizontal.
upward sloping.
equal to the marginal cost curve.
the same as the market demand curve.
equal to the marginal revenue curve
According to the kinked demand curve model, firms expect rivals to follow ________ but not ________.
quantity increases; quantity decreases
price decreases; price increases
price increases; quantity decreases
price increases; price decreases
quantity decreases; quantity increases
The demand curve for a monopolist is
horizontal.
upward sloping.
equal to the marginal cost curve.
the same as the market demand curve.
equal to the marginal revenue curve
rosemarvins12Lv10
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