If the model of kinked demand explains the behavior of Firm A, then if Firm A lowers its price its c

stars_and_moon

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If the model of kinked demand explains the behavior of Firm A, then if Firm A lowers its price its c

If the model of kinked demand explains the behavior of Firm A, then if Firm A lowers its price its competitors ________ lower their price and Firm A ________ gain customers.
A) will not; will not
B) will; will not
C) will; will
D) will not; will

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kingby

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stars_and_moon Author

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7 years ago

I compared your answer with a buddy, and it matches

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kingby

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7 years ago

I was slightly debating this one, thanks for the feedback

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