Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter 10, Problem 20SQ

The “kinked” oligopoly demand curve is a result of the assumption by an oligopolist that

  1. a. price increases will be matched, but price reductions will not.
  2. b. price increases will not be matched, but price reductions will.
  3. c. both price increases and price reductions will be matched.
  4. d. neither price increases nor price reductions will be matched.
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