Economics · Market Structure

The 'kinked demand curve' (sometimes referred to as angular demand curve) approach in oligopoly market structures explains:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Double pricing
2Price rigidity or persistence✓
3Price flexibility
4Price discrimination

Correct answer

Price rigidity or persistence

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The 'kinked demand curve' (sometimes referred to as angular demand curve) approach in oligopoly market structures explains:

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The 'kinked demand curve' (sometimes referred to as angular demand curve) approach in oligopoly market structures explains:

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