A kinked demand curve is based on the actions of an oligopolist ...

[washai]

A kinked demand curve is based on the actions of an oligopolist to follow a price increase but not a price reduction.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the average variable cost curve, the marginal cost must be:
 a. greater than the average variable cost.
  b. less than the average variable cost.
  c. equal to the average variable cost.
  d. at its minimum.

[rosiehomeworddo]

Answer to Question 1

False

Answer to Question 2

c

[washai]

Excellent

[scottmt]

TYSM