McqMate
| Q. |
Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stabilityReason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions |
| A. | (a) is true but (r) is false. |
| B. | both (a) and (r) are false |
| C. | both (a) and (r) are true and (r) is the correct explanation of (a) |
| D. | both (a) and (r) are true but (r) is not the correct explanation of(a) |
| Answer» C. both (a) and (r) are true and (r) is the correct explanation of (a) | |
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