Oligopoly - Kinked Demand Curve / Price Rigidity | Educreations
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Oligopoly - Kinked Demand Curve / Price Rigidity | Educreations
This lesson explains why the demand curve for an oligopoly is kinked and illustrates both price rigidity (why firms don't want to change their price) and how firms in this market structure are interdependent.
Aug 8, 2013
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