McqMate
| Q. |
Kinked demand curve is a feature of - |
| A. | Monopoly |
| B. | Oligopoly |
| C. | Monopsony |
| D. | Duopoly |
| Answer» B. Oligopoly | |
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Explanation: The kinked demand curve theory is an economic theory regarding oligopoly and monopolistic competition. Kinked demand was an initial attempt to explain sticky prices. |
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