Business Economics

1: Under kinked demand model, the demand curve for the firm's product is drawn on the assumption that
A.
All rivals charge the same price which is charged by the oligopolist
B.
All rivals charge a price independent of the price charged by the oligopolist
C.
All rivals follow the oligopolist upto certain price but beyond that they do not.
D.
All oligopolist charges the price as independent sellers.
 

Answer : C

Explanation :

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Option: A

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