Question: I really dont unserstand how the three different oligopoly graphs come about. I am referring to the kinked demand curve, betrand model and cournot model.
I really dont unserstand how the three different oligopoly graphs come about. I am referring to the kinked demand curve, betrand model and cournot model. Why are prices sticky for the kinked demand curve but not for the others. i seek clarity in how to properly draw these graphs and understand why these graphs are drawn this way
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