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