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stars_and_moon stars_and_moon
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7 years ago
An oligopoly firm that faces a kinked demand curve has its cost of labor increase, thus shifting up the marginal cost curve of the firm.  How will the higher marginal cost affect the firm's choice of price and quantity sold?
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kingbykingby
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7 years ago
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#2
7 years ago
I figured, great answer
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#3
7 years ago
I was slightly debating this one, thanks for the feedback
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