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Title: Under the kinked demand curve model, a small increase in marginal cost will lead to:
Post by: corie on Oct 25, 2017
Under the kinked demand curve model, a small increase in marginal cost will lead to
A) an increase in output level and a decrease in price.
B) a decrease in output level and an increase in price.
C) a decrease in output level and no change in price.
D) neither a change in output level nor a change in price.


Title: Re: Under the kinked demand curve model, a small increase in marginal cost will lead to
Post by: Canih on Oct 25, 2017
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