This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The kinked demand theory of oligopoly is NOT a theory of price determination since (Read 207 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: May 25, 2020
The kinked demand theory of oligopoly is NOT a theory of price determination since
◦ it does not explain how the market price is determined in the first place.
◦ prices are never stable in oligopoly markets.
◦ it assumes that firms contemplating price changes tend to ignore competitive reactions.
◦ it assumes that firms never follow a competitor's price increases.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by misspop on May 25, 2020

alvinum

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


misspop

  • Member
  • Posts: 540
Reply 2 on: May 25, 2020
Excellent

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea
Theory of Mind Theory of Mind
Anna Freud’s Instinctual Theory Anna Freud’s Instinctual Theory
Modern Cell Theory Modern Cell Theory
Bronfenbrenner's bioecological theory Bronfenbrenner's bioecological theory
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Segmentation and migrating motility complexes & Gastroileal reflex

For a complete list of videos, visit our video library