Economics · Oligopoly

In Paul Sweezy's Kinked Demand Curve model of Oligopoly, the kink point represents:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Cost rigidity
2Income rigidity
3Price rigidity at the prevailing price✓
4Quantity rigidity only

Correct answer

Price rigidity at the prevailing price

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In Paul Sweezy's Kinked Demand Curve model of Oligopoly, the kink point represents:

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In Paul Sweezy's Kinked Demand Curve model of Oligopoly, the kink point represents:

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