Answer to Question #67693 in Microeconomics for doris
explain the implication and short coming of the kinked demand curve in an oligopolistic market
The kinked demand curve model assumes that a business might face a dual demand curve for its product based on the likely reactions of other firms to a change in its price or another variable.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!