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प्रश्न
In Sweezy's model, why is demand elastic above the kink price?
विकल्प
Rivals match price increases
Rivals do not follow price hikes
Products are not substitutes
Costs always rise
MCQ
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उत्तर
Rivals do not follow price hikes
Explanation:
Rivals ignore price hikes, causing a large sales drop for the firm.
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