The kinked demand curve model is based on the assumption that-09051
The kinked demand curve model is based on the assumption that each firm:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.11.
The kinked demand curve model is based on the assumption that each firm:
Considers its rival's output to be fixed
Considers its rival's price to be fixed
Believes rivals will match all price changes
None of the given options
