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According to the kinked demand curve model, if an oligopolistic firm lowers its price, it should expect to see its total revenue:________ A. Cannot be determined without more information B. Stay the same
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According to the kinked demand curve model, if an oligopolistic firm lowers its price, it should expect to see its total revenue:________

A. Cannot be determined without more information
B. Stay the same
C. Decrease
D. Increase

User IbrahimD
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1 Answer

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Answer:

C. Decrease

Step-by-step explanation:

In an Oligopolistic market, a reduction in price, when competing firms follows through by reducing their own price; will lead to a decrease in total revenue.

User Vinaya Nayak
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