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Home Q & A Board Other Fields Homework Help Business Economics
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zar zar
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3 years ago
The kinked demand theory of oligopoly is NOT a theory of price determination since

▸ it does not explain how the market price is determined in the first place.

▸ prices are never stable in oligopoly markets.

▸ it assumes that firms contemplating price changes tend to ignore competitive reactions.

▸ it assumes that firms never follow a competitor's price increases.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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Antoinette12Antoinette12
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3 years ago
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zar Author
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3 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
DAGINC
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Yesterday
Helped a lot
homework1
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2 hours ago
Smart ... Thanks!
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