Q. In the Kinked Demand Curve theory: (Solved)
1. the marginal revenue curve is perfectly horizontal
2. demand is always price inelastic
3. demand is always price elastic
4. non price competition is likely
- d. non price competition is likely
1. the marginal revenue curve is perfectly horizontal
2. demand is always price inelastic
3. demand is always price elastic
4. non price competition is likely