9. What assumptions about a rivals response to price changes underlie the kinked-demand curve for oligopolists? Why

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9. What assumptions about a rival’s response to price changes underlie the kinked-demand curve for oligopolists? Why is there a gap in the oligopolists’ marginal-revenue curve?

How does the kinked-demand curve explain price rigidity in oligopoly? What are the shortcomings of the kinkeddemand model? LO5

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Economics Principles Problems And Policies

ISBN: 9780073511443

19th Edition

Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn

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Question Posted: Sep 28, 2024 02:00 AM

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9. What assumptions about a rivals response to price changes underlie the kinked-demand curve for oligopolists? Why

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Economics Principles Problems And Policies

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