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What is the basis of the kinked-demand model? Explain the reason for the gap in the oligopolist

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Chika Ilonah
Chika IlonahLv10
28 Sep 2019

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Related questions

the kinked-demand curve of an oligopolist is based on the assumption that

A) competitors will follow a price cut but ignore a price increase.
B) competitors will match both price cuts and price increases.
C) competitors will ignore a price cut but follow a price increase.
D) there is no product differentiation.

The kinked-demand curve of an oligopolist is based on the assumption that:

A) Price increases will be matched, but price reductions will not.

B) Price increases will not be matched, but price reductions will.

C) Both price increases and price reductions will be matched.

D) Neither price increases nor price reductions will be matched.

The "kinked" oligopoly demand curve is a result of the assumption by an oligopolist that:

a. Both price increases and price reductions will be matched.
b. Price increases will be matched, but price reductions will not.
c. Price increases will not be matched, but price reductions will.
d. Neither price increases nor price reductions will be matched.

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