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Homework answers / question archive / A firm that has a kinked demand curve assumes that, if it raises its price,  of its competitors will raise their prices and that, if it lowers its price,  of its competitors will lower their prices

A firm that has a kinked demand curve assumes that, if it raises its price,  of its competitors will raise their prices and that, if it lowers its price,  of its competitors will lower their prices

Economics

A firm that has a kinked demand curve assumes that, if it raises its price,  of its competitors will raise their prices and that, if it lowers its price,  of its competitors will lower their prices.

a) all; all

b) none; all

c) all; none

d) none; none

Option 1

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