The concept of ‘Kinked demand curve’ was developed by

Related MCQs

• The concept of ‘Kinked demand curve’ is related to
• Match the following A B (i). Demand for inputs Hall and Hitch (ii). Oligopoly Single buyer (iii). Kinked demand theory Cartels (iv). Monopsony Derived demand Codes;
• In Chamberlin and Kinked demand curve model, the oligoposist
• Monopolist will not produce that portion of demand curve where the elasticity of demand
• Under monopolistic competition, an increase in the number of firms producing close substitutes will make the demand curve of each firm
• The demand curve faced by the a monopolistically competitive firm is very elastic if the degree of product differentiation is
• Under monopolistic competition, the demand curve of the product of an individual firm depends on the nature and prices of close substitutes
• When demand curve is elastic, MR is
• ‘Indeterminateness of demand curve’ is a feature of
• Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stabilityReason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions