A Strong brand loyalty means there is little incentive for firms to cut price.
B Rivals will match any price increases but tend to ignore any price cuts a firm makes.
C Rivals will match any price decrease but tend to ignore any price increases.
D Firms will coordinate prices to maximize group profit.
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Home » Business » The model of the kinked demand curve implies that A Strong brand loyalty means there is little incentive for firms to cut price. B Rivals will match any price increases but tend to ignore any price cuts a firm makes.