Q. The Kinked Demand Curve theory assumes: (Solved)
1. firms co-operate
2. firms act as part of a cartel
3. firms are competitive with each other
4. firms are not profit maximisers
- c. firms are competitive with each other
1. firms co-operate
2. firms act as part of a cartel
3. firms are competitive with each other
4. firms are not profit maximisers