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0. Assertion (A). The demand for the product of a firm under oligopoly is at a price higher than the prevailing market price.Reason (R). The oligopolistic firm faces a kinked demand curve.
Both (A) and (R) are false.
Both (A) and (R) are true, but (R) is not the correct explanation of (A).
(A) is true but (R) is false.
(A) is false but (R) is true.
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