Business, 07.03.2020 03:39 destineyburger2

Kit-N-Sit, Inc. and Kittysitters, Inc. are two cat-sitting services in Kent, Ohio. There are no other cat-sitting services so the market is considered to be a duopoly. According to the kinked demand curve theory, if Kit-N-Sit, Inc. increases prices, Kittysitters, Inc. will:
a. respond aggressively by increasing prices drastically.
b. respond aggressively by cutting prices.
c. respond aggressively by increasing prices moderately.
d. sue Kit-N-Sit for monetary damages in court.
e. do nothing and leave prices unchanged.

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Kit-N-Sit, Inc. and Kittysitters, Inc. are two cat-sitting services in Kent, Ohio. There are no othe...

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