Ventura county there is an oligopolistic market, where each company has a kinked demand curve, then what will be the effect when one of these companies raises its price? Group of answer choices The other oligopolists will immediately raise their prices to match. The other oligopolists will exit the cartel. The other oligopolists will not

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter15: Oligopoly And Strategic Behavior
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If in Ventura county there is an oligopolistic market, where each company has a kinked demand curve, then what will be the effect when one of these companies raises its price?
Group of answer choices
The other oligopolists will immediately raise their prices to match.
The other oligopolists will exit the cartel.
The other oligopolists will not change their prices.
The other oligopolists will lower their prices.
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If in Ventura county there is an oligopolistic market, where each company has a kinked demand curve, then what will be the effect when one of these companies raises its price? 

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