The oligopolists kinked demand curve illustratess

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    price leadership in the market, which occurs when one firm regularly announces price changes that others match.
     how when one firm raises or lowers its price rival firms do not react but instead keep their prices constant.
     how when one firm raises or lowers its price, rival firms react maintaining their prices when the firm raises its price, but rival firms match price decreases.
     how when one firm raises or lowers its price rival firms react by matching the price changes.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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how when one firm raises or lowers its price, rival firms react maintaining their prices when the firm raises its price, but rival firms match price decreases.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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