What assumptions about a rival’s response to price changes underlie the kinked -demand curve for oli
Question: 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 kinked-demand model?
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Type of Deliverable: Word Document
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