kinked demand curve
kinked demand curve
Glossary micro and macro economics
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Economics
Definition of kinked demand curve
kinked demand curve : demand curve for a noncollusive oligopolist, which is based on the assumption that rivals will follow a price decrease and ignore a price increase.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of kinked demand curve
Meaning of kinked demand curve
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