Kinked demand curve model of oligopolistic pricing behavior

The kinked demand curve model of oligopolistic pricing behavior reflects the concept which: (1) price hikes fail to accommodate small hikes in costs. (2) other firms ignore price hikes by single firms. (3) other firms match any price cuts by any single firm. (4) there is a gap in the marginal revenue curve facing each oligopolistic firm. (5) All of the above.

Can someone explain/help me with best solution about problem of Economics...

View Complete Question

Related Questions in Microeconomics

Q : Define revenue Revenue : This refers to

Revenue: This refers to total money income from the sale of output.

Q : Profit-maximizing output for economic

Babble-On maintains world-wide patents for software which translates any of 314 spoken languages in text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. When Babble-On produces its profit-maximizing o

Q : Shut Down Point of monopolist A

A monopolist will shut down within the short run while its equilibrium price as: (1) equals short-run average cost. (2) exceeds marginal cost. (3) is less than average variable cost. (4) is less than average fixed cost.

Q : Structure conduct performance paradigm

From about 1890 till 1970 year, the “structure-conduct-performance paradigm” dominated theories regarding how firms behave in various types of markets. The term here “performance” in this context refers to those things as: (i)

Q : Problem on Rational Ignorance Not

Not learning the whole thing possible regarding someone prior to you marry them is an illustration of: (i) Adverse selection. (ii) Moral hazard. (iii) Economic dishonesty. (iv) Blind indifference. (v) Rational ignorance. Choose the

Q : Law of demand is price in the law of

is price in the law of demand an absolute or relative price

Q : Depicts shift of the budget line The

The shift of the budget line from cd to ab in the below given figure is consistent with: 1) decreases in the prices of both M and N . 2) an increase in the price of M and a decrease in the price of N . 3) a decrease in money income. 4) an increase in money inc

Discover Q & A

Leading Solution Library

Avail More Than 1454466 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1933801
Asked

3,689

Active Tutors

1454466

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment