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Economics (AS & A Level) · Oct / Nov 2023 · Paper 31 · Question 5

9708Different market structures

Which combination of reactions by rivals results in a kinked demand curve for an oligopolist when a price is changed?

  1. Acopying both a price rise and a price fall
  2. Bcopying a price rise and ignoring a price fall
  3. Cignoring a price rise and copying a price fall
  4. Dignoring both a price rise and a price fall

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Correct answer: C. ignoring a price rise and copying a price fall

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