Q.
1

Assertion (A): The demand for the product of a firm under Oligopoly is at prices higher than the prevailing market prices.

Reason (R): The Oligopolistic firm faces a kinded demand curve.

.

  • A

    Both (A) and (R) are false.

  • B

    Both (A) and (R) are true, but (R) is not the correct explanation of (A)

  • C

    (A) is true, but (R) is false

  • D

    (A) is false, but (R) is true