The Kinked-shaped revenue curve of a firm relates to which one of the following market structures?
The kink-shaped revenue curve is associated with oligopoly. Rivals are expected to follow price reductions but not price increases, creating different demand responses on…
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The Kinked-shaped revenue curve of a firm relates to which one of the following market structures?
Answer and explanation
Correct answer B
The kink-shaped revenue curve is associated with oligopoly. Rivals are expected to follow price reductions but not price increases, creating different demand responses on either side of the prevailing price.
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Telangana SET (TG SET)