Assertion (A). The demand for the product of a firm under oligopoly is at price higher than the prevailing market price.
Reason (R). The oligopolistic firm faces a kinked demand curve.
A. | Both (A) and (R) are false. |
B. | Both (A) and (R) are true, but (R) is not the correct explanation of (A). |
C. | (A) is true but (R) is false. |
D. | (A) is false but (R) is true. |
Option: D Explanation : Click on Discuss to view users comments. |
A. | increase in demand |
B. | decrease in demand |
C. | Both (a) and (b) |
D. | None of these |
Option: C Explanation : Click on Discuss to view users comments. |
A. |
Both (A) and (R) are true and (R) is correct explanation of (A).
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B. |
Both (A) and (R) are true but (R) is not correct explanation of (A).
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C. | Both (A) and (R) are false. |
D. | (A) is true but (R) is false. |
Option: B Explanation : Click on Discuss to view users comments. |