Suppose an oligopolistic producer assumes its rivals will ignore a price increase but match a price cut. in this case the firm perceives its:
a) demand curve as being of unit elasticity throughout.
b) supply curve as kinked, being steeper below the going price than above.
c) demand curve as kinked, being steeper below the going price than above.
d) demand curve as kinked, being steeper above the going price than below

Iceberg storage, a leading hard drive manufacturer, recently filed for bankruptcy. while most of iceberg's competitors were shifting away from physical data storage devices toward online cloud storage services, iceberg invested most of its retained earnings in the effort to improve its hard drives. once the hard-drive market drastically declined, iceberg storage was unable to capitalize on the new technology. which of the following does this scenario best illustrate a. causal ambiguity b. knowledge diffusion c. social complexity d. path dependence