Question:
A kinked demand curve under oligopoly necessarily implies
A. a discontinuity in the marginal revenue schedule
B. a gap in the marginal cost schedule
C. formal collusion in price determination
D. the price need not be above marginal revenue
Choose the most appropriate answer from the options given below:
A kinked demand curve under oligopoly necessarily implies
A. a discontinuity in the marginal revenue schedule
B. a gap in the marginal cost schedule
C. formal collusion in price determination
D. the price need not be above marginal revenue
Choose the most appropriate answer from the options given below:
A. a discontinuity in the marginal revenue schedule
B. a gap in the marginal cost schedule
C. formal collusion in price determination
D. the price need not be above marginal revenue
Choose the most appropriate answer from the options given below:
Updated On: Mar 12, 2024
- A and B only
- A only
- C and D only
- A and D only
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The Correct Option is B
Solution and Explanation
The correct answer is (B) : A only
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