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Question 23 (4 marks) The kinked oligopoly demand curve does NOT describe the demand curve for monopolistic competition
Posted: Wed Jul 06, 2022 6:24 pm
by answerhappygod
- Question 23 4 Marks The Kinked Oligopoly Demand Curve Does Not Describe The Demand Curve For Monopolistic Competition 1 (17.82 KiB) Viewed 21 times
Question 23 (4 marks) The kinked oligopoly demand curve does NOT describe the demand curve for monopolistic competition because in monopolistically competitive markets... a. Firms are not as interdependent as oligopolistic firms. b. Firms have no market power. c. There is not as much product differentiation as in oligopoly. d. There is no non-price competition.