Question: How does the kinked demand curve model explain why prices in oligopolies tend to be sticky?

How does the kinked demand curve model explain why prices in oligopolies tend to be sticky?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Public Issues Questions!