Register
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
211k views
0 votes
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
by
4.9k points

1 Answer

0 votes

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
by
4.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.7m answers

Other Questions

Decker Tires' free cash flow was just FCF0 = $1.32. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC
Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Risa has to work long hours and sometimes weekends, losing out on family time. Risa doesn't find her long hours overly stressful, but rather she sees it as her contribution to maintaining her family's
Which of the following should be considered last when searching for financing? Family members Banks Commercial finance companies Credit cards I'm guessing it's C but idk
Explain the similarities and differences between how both producers and consumer use money
Link Copied!