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A 'kinked' demand model for oligopolies attempts to show how: Competitors will copy any price increases but ignore price cuts Demand is more elastic when
A 'kinked' demand model for oligopolies attempts to show how:
Competitors will copy any price increases but ignore price cuts
Demand is more elastic when cutting prices on a product
Ologopolist firms can collude and cheat the market
Rival firms will ignore price increases but match price cuts
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Using Stata For Principles Of Econometrics
Authors: Adkins, Lee C Adkins, R Carter Hill
4th Edition
111803208X, 9781118032084
