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

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8. What assumptions about a rival’s response to price changes underlie the kinked-demand curve for oligopolists?

Why is there a gap in the oligopolist’s marginalrevenue curve? How does the kinked-demand curve explain price rigidity in oligopoly? LO5

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Essentials Of Economics

ISBN: 9780077502140

3rd Edition

Authors: Stanley Brue, Campbell McConnell, Sean Flynn

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Question Posted: Oct 03, 2024 03:04 AM

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

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Essentials Of Economics

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