Question

According to the kinked demand curve model, firms expect rivals to follow ________ but not ________.
quantity increases; quantity decreases
price decreases; price increases
price increases; quantity decreases
price increases; price decreases
quantity decreases; quantity increases

The demand curve for a monopolist is
horizontal.
upward sloping.
equal to the marginal cost curve.
the same as the market demand curve.
equal to the marginal revenue curve