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In an oligopolistic market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?
  • a)
    Supra competitive pricing
  • b)
    Swing Demand 
  • c)
    Kinked Demand
  • d)
    imperfect competition
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In an oligopolistic market, firms do not raise their prices because ev...
Kinked demand . The firm will be at a certain price . if it increases price the other firms do not respond to it and we may lose some customers. If we decrease price other firms will also decrease and the profits decreases.
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In an oligopolistic market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?a)Supra competitive pricingb)Swing Demandc)Kinked Demandd)imperfect competitionCorrect answer is option 'C'. Can you explain this answer?
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In an oligopolistic market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?a)Supra competitive pricingb)Swing Demandc)Kinked Demandd)imperfect competitionCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In an oligopolistic market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?a)Supra competitive pricingb)Swing Demandc)Kinked Demandd)imperfect competitionCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In an oligopolistic market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?a)Supra competitive pricingb)Swing Demandc)Kinked Demandd)imperfect competitionCorrect answer is option 'C'. Can you explain this answer?.
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