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Author Question: The kinked demand theory of oligopoly is NOT a theory of price determination since (Read 158 times)

misspop

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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
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Marked as best answer by misspop on May 25, 2020

alvinum

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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.
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misspop

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

xthemafja

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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