Ventura county there is an oligopolistic market, where each company has a kinked demand curve, then what will be the effect when one of these companies raises its price? Group of answer choices The other oligopolists will immediately raise their prices to match. The other oligopolists will exit the cartel. The other oligopolists will not
Ventura county there is an oligopolistic market, where each company has a kinked demand curve, then what will be the effect when one of these companies raises its price? Group of answer choices The other oligopolists will immediately raise their prices to match. The other oligopolists will exit the cartel. The other oligopolists will not
Chapter10: Monopolistic Competition And Oligoply
Section: Chapter Questions
Problem 10SQP
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If in Ventura county there is an oligopolistic market, where each company has a kinked demand curve, then what will be the effect when one of these companies raises its price?
Group of answer choices
The other oligopolists will immediately raise their prices to match.
The other oligopolists will exit the cartel.
The other oligopolists will not change their prices.
The other oligopolists will lower their prices.
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