PLSS TELL ME WHY DEMAND CURVE OF OLIGOPOLY IS KINK SHAPED? I COUDNT UNDERSTAND

This topic has been extensively covered in our study material. You can find the answer to your question in Microeconomics- Chapter 6 (Non-competitive Market)- Lesson 3- under the topic 'Features of Oligopoly' (point 4- Indeterminate demand curve) 

  • -2
What are you looking for?