[Solved] Which of the Following Statements Best Describes the Significance of the Kink

Question 66
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Which of the following statements best describes the significance of the kink in the demand curve under this variant of oligopoly theory?


A)It proves the existence of collusion.
B)It illustrates the only variant that does not assume firm interdependence.
C)It illustrates the effect of rival firms each engaging in massive advertising efforts.
D)It is the best explanation of how price wars can occur.
E)It explains why firms with different marginal costs might nonetheless maximize profits at the same price and output.

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