The assumption (s) made to construct a kinked-demand oligopoly model is (are) that: A. all price changes made by any firm will be followed by all of the other firms. B. any price decrease will be ignored, but price increases will be followed. C. all firms in the industry will ignore the price changes made by any one firm. D. all firms will follow a price decrease but will ignore any price increase.
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Home » Business » The assumption (s) made to construct a kinked-demand oligopoly model is (are) that: A. all price changes made by any firm will be followed by all of the other firms. B. any price decrease will be ignored, but price increases will be followed. C.