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QUESTION
An increase in marginal cost that remains within the gap of the marginal revenue curve of a kinked demand oligopolist will: lower price and lower...
An increase in marginal cost that remains within the gap of the marginal revenue curve of a kinked demand oligopolist will:A. lower price and lower outputB. raise price and decrease outputC. lower price and increase outputD. raise price and raise ouput.E. keep price and output the same
