In the kinked Demand Curve theory it is assumed that ? – McqOptions

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1.	In the kinked Demand Curve theory it is assumed that ?
A.	An increase in price by the firm is not followed by others
B.	An increase in price by the firm is followed by others
C.	A decrease in price by the firm is followed by others
D.	Firms collude to fix the price
Answer» B. An increase in price by the firm is followed by others

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