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In an oligopoly model with a kinked demand curve, a decrease in a firm's marginal cost general leads to _____ .
a. None of the options are correct.
b. reduced output and a higher price
c. increased output and a lower price
d. higher output and a higher price

Respuesta :

Cricetus

Answer:

Option a (None of the options are correct) is the right alternative.

Explanation:

  • A manner of opportunities and management when two or even more businesses have quite a share of the economy would be characterized as an oligopoly. Those who can determine production and prices throughout the combination.
  • Every opportunity to make simplification generalizations underlines one facet of that same oligopoly situation.

Thus the above option is the correct one.

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