Google News
logo
Today General Knowledge(GK)
Under kinked demand model, the demand curve for the firm's product is drawn on the assumption that
A)
All rivals follow the oligopolist upto certain price but beyond that they do not
B)
All rivals charge a price independent of the price charged by the oligopolist
C)
All rivals charge the same price which is charged by the oligopolist
D)
All oligopolist charges the price as independent sellers

Correct Answer : Option (A) - All rivals follow the oligopolist upto certain price but beyond that they do not


Published On : May 19, 2021
Category : Business and Economics
Advertisement