Consider the following statements: Statement 1: "The kinked demand curve model of oligopoly assumes that a decrease in price will not be followed by other firms in the industry, but a price increase will. " Statement 2: "Finns in monopolistic competition have high advertising expenses because they want to create the perception that their product is different from their competitors’ products when the competing products are actually quite similar. " Which of the following best describes the accuracy of these statementsStatement 1Statement 2 （）①A. Correct Incorrect ②B. Incorrect Correct ③C. Correct Correct
A. ①
B. ②
C. ③
