A kinked demand curve of an oligopolist is:

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Economics · Market Structures

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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elastic in the upper portion, but inelastic in the lower portion.

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Answer 1

inelastic in the upper portion and elastic in the lower portion.

Answer 2

inelastic throughout.

Answer 3

elastic in the upper portion, but inelastic in the lower portion.

Answer 4

elastic throughout.

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