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Q. |
Kinked demand curve is a feature of - |
A. | Monopoly |
B. | Oligopoly |
C. | Monopsony |
D. | Duopoly |
Answer» B. Oligopoly | |
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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