McqMate
| Q. |
Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stability Reason (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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