Business Economics

1:

The kinked demand curve explains

A.

Price rigidity

B.

Price flexibility

C.

Demand rigidity

D.

Demand flexibility

 

Answer : A

Explanation :

jagannath said: (11:46am on Monday 21st August 2017)
Because in oligopoly if a firm decrease price ,competitor also decrease price.ànd if he price increase competitor dosen,t.so affect revenue of firm

Write your comments here:


Report Error
 

Option: A

Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.