Question

The reason for the kinked demand curve is that: (a) The oligopolist believe that competitors will follow output increases but not output reductions (b) The oligopolist believe that competitors will follow price increases but not output reductions (c) The oligopolist believe that competitors will follow price cuts but not price rises (d) The oligopolist believe that competitors will follow price increases but not output increases

Answer 1

C) is u r answer.....!