Business Economics

1: 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.

(A) is true and (R) is correct explanation of (A)

B.

(A) is true and (R) is not a correct explanation of (A)

C.

Both (A) and (R) are false.

D.

(A) is true and (R) is false.

 

Answer : B

Explanation :

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Option: A

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