Dollars ● MR g Output hj D MC ATC The diagram above shows kinked demand and marginal revenue curves for a non-collusive oligopolist. What basic assumption is used to create this kinked structure? the firm ignores actions of rival firms O rivals will match both a price increase and a price decrease. O rivals will match a price increase but ignore a price decrease. rivals will ignore a price increase but match a price decrease.
Dollars ● MR g Output hj D MC ATC The diagram above shows kinked demand and marginal revenue curves for a non-collusive oligopolist. What basic assumption is used to create this kinked structure? the firm ignores actions of rival firms O rivals will match both a price increase and a price decrease. O rivals will match a price increase but ignore a price decrease. rivals will ignore a price increase but match a price decrease.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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