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Author Question: The kinked demand curve theory suggests that a firm is likely to keep its price unchanged unless ... (Read 113 times)

formula1

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on: May 25, 2020
The kinked demand curve theory suggests that a firm is likely to keep its price unchanged unless there are substantial shifts in revenue or cost curves. A kinked demand curve is shown in the following diagram.



The kink is due to the firm's belief that its competitors
◦ will set a price at the kink of the demand curve.
◦ will match all price increases and reductions.
◦ will match any price increase it makes but will not match a price reduction.
◦ will not match a price increase but will match any price reduction.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by formula1 on May 25, 2020

poopface

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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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formula1

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

anyusername12131

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Reply 3 on: Yesterday
Excellent

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