Business, 25.12.2020 21:10 puppylove899

According to the kinked-demand model of oligopoly, if two of three firms ignore a price decrease by the third firm . Multiple choice question. the third firm will lose sales because the other two firms' demand curves become more inelastic the third firm will gain sales because the other two firms' demand curves become more elastic the third firm will gain sales because the other two firms' demand curves become more inelastic, relative to the third firm's demand curve the third firm will lose sales because the other two firms' demand curves become more elastic

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