CA CPT 2016 June Question Paper General Economics for online practice

Question : 28 of 50

Marks: +1, -0

The reason for the kinked demand curve is that:

The oligopolist believe that competitors will follow output increases but not outputreductions
The oligopolist believe that competitors will follow price increases but not outputreductions
The oligopolist believe that competitors will follow price cuts but not price rises
The oligopolist believe that competitors will follow price increases but not output increases

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