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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
If the model of kinked demand explains the behavior of Firm A, then if Firm A raises its price its competitors ________ raise their price and Firm A will ________.
A) will; only lose a few of customers
B) will not; lose a lot of customers
C) will not; only lose a few customers
D) will; lose a lot of customers
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kingbykingby
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#1
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Posts: 3218
Rep: 26 0
7 years ago
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#2
7 years ago
I compared your answer with a buddy, and it matches

Thanks
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#3
7 years ago
Great! Now we can move on to the next one
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