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Kinked demand curve model of oligopolistic pricing behavior

The kinked demand curve model of oligopolistic pricing behavior reflects the concept which: (1) price hikes fail to accommodate small hikes in costs. (2) other firms ignore price hikes by single firms. (3) other firms match any price cuts by any single firm. (4) there is a gap in the marginal revenue curve facing each oligopolistic firm. (5) All of the above.

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