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MA19902C01 Lecture Notes - Demand Curve, Oligopoly, Mobile Phone

India

BUSINESS ECONOMICS

Economics

Mahatma Gandhi University

FINANCIAL MANAGEMENT

FINANCIAL MANAGENT

ADVANCE COST ACCOUNTING

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

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.

MA19902C01 Lecture Notes - Demand Curve, Oligopoly, Mobile Phone

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