Kinked Demand Curve?

Answer

A kinked demand curve refers to a curve which has two distinct segments that have different elasticities joining, so as to form a corner or kink. The curve is used to explain price rigidity in oligopoly.
Q&A Related to "Kinked Demand Curve?"
Kinked Demand Curve: the shape of a demand curve when any rise in price above the customary level
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it is so because of non-collusive oligopoly where the firms are not in a cartel and what would be happening is that if one firm in the oligopoly increases the price no one follows
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The kinked demand curve theory is an economic theory regarding oligopoly and monopolistic competition. When it was created, the idea fundamentally challenged classical economic tenets
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A demand curve is is a graph showing the price of a certain item and the amount people are willing and able to pay for it. They are used for comparison among businesses within similar
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A kinked demand curve is a demand curve with two distinct segments which have different elasticity that join to form a corner or a kink. This demand curve has ...
The kinked Oligopoly Demand Curve is a kind of marketplace. In it there is no such thing as a pure monopoly. Usually, as prices increase, a firm will probably ...
The kinked oligopoly demand curve has to due with pricing and competitors. A kinked demand curve means that there is a discontinuity in the firm's marginal revenue ...
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