According the kinked demand curve model: a change in marginal cost causes the pr

Question

According the kinked demand curve model: a change in marginal cost causes the profit-maximizing level of output to change by the same amount but in the opposite direction. small changes in a firm's marginal costs can leave the equilibrium price unchanged. a change in marginal cost causes the profit-maximizing level of output to change by the same amount and in the same direction. a small change in marginal cost causes a large change in the profit-maximizing level of output. According the kinked demand curve model: a change in marginal cost causes the profit-maximizing level of output to change by the same amount but in the opposite direction. small changes in a firm's marginal costs can leave the equilibrium price unchanged. a change in marginal cost causes the profit-maximizing level of output to change by the same amount and in the same direction. a small change in marginal cost causes a large change in the profit-maximizing level of output. a change in marginal cost causes the profit-maximizing level of output to change by the same amount but in the opposite direction. small changes in a firm's marginal costs can leave the equilibrium price unchanged. a change in marginal cost causes the profit-maximizing level of output to change by the same amount and in the same direction. a small change in marginal cost causes a large change in the profit-maximizing level of output.

Explanation / Answer

a change in marginal cost causes the profit-maximizing level of output to change by the same amount and in the same direction.

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