An oligopolist's effective demand curve will be kinked if the firm
a. is acting as a price leader in the industry.
b. expects other firms to match price cuts but not price increases.
c. expects other firms to match all price changes.
d. fears new entry into the industry.
b
Economics
You might also like to view...
In general, it is common for goods with ________ to be auctioned
A) low prices B) relatively few buyers C) a large number of buyers D) a large number of sellers
Economics
Voluntary programs are dependable ways to protect the environment
a. True b. False Indicate whether the statement is true or false
Economics