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Assume an oligopolist confronts two possible demand curves for its own output as illustrated here The first A prevails if other

Assume an oligopolist confronts two possible demand curves for its own output, as illustrated here. The first ( A ) prevails if other oligopolists donA????1t match price changes. The second ( B ) prevails if rivals do match price changes.

( a ) By how much does quantity demanded increase if the price is reduced from $11 to $9 and ( i ) Rivals match the price cut? ( ii ) Rivals donA????1t match the price cut?

( b ) By how much does quantity demanded change when the price is raised from $11 to $13 and ( i ) Rivals match the price hike? ( ii ) Rivals donA????1t match the price hike?

 
 

 

May 26 2020 View more View Less

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