Explain in nontechnical terms why oligopolistic prices may tend to be inflexible.

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: Sep 21, 2024 05:14 AM

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Explain in nontechnical terms why oligopolistic prices may tend to be inflexible.

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An oligopolist will hesitate to raise its prices in th...View the full answer

Economics

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