Economics · Microeconomics
In Paul Sweezy's Kinked Demand Curve model of oligopoly:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The MR curve is discontinuous due to consumer preference rigidity.
- 2An increasing difference between the elasticities of upper and lower demand segments widens the discontinuity in the MR curve.✓
- 3The demand curve above and below the kink is iso-elastic.
- 4The gap in the marginal revenue (MR) curve is independent of elasticity differences.
Correct answer
An increasing difference between the elasticities of upper and lower demand segments widens the discontinuity in the MR curve.
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