[Solved] All,except One,of the Following Statements About the Kinked Demand Curve

Question 94
Multiple Choice
arrowQuestion 94arrow

All,except one,of the following statements about the kinked demand curve theory of oligopoly are correct.Which is the exception?

A)It explains why the prices charged by rival firms are often similar.
B)It explains why rival firms that charge similar prices may not be in collusion.
C)It explains why the prices charged by rival firms sometimes go for months,or even years,without changing.
D)It explains,particularly well,how the prevailing price in the industry first got established.


10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

Related Questions

Get Free Access Now!

Get free access by uploading any valuable academic documents


Invite your friends by sharing your unique referral link, and get a free access

Invite a friendInvite a friendInvite a friend
Join Us
Join Us

Sign up to get 5 free question for every quiz you visit. Or Subscribe and get instant access