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Why do oligopolistic firms often avoid changing their prices, according to Sweezy's Kinked Demand Curve Model?a)Because they are prohibited by government regulations.b)Because they prefer to engage in price collusion.c)Because price cuts lead to competitive retaliation and price increases lead to more elastic demand.d)Because they want to maintain a competitive advantage.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why do oligopolistic firms often avoid changing their prices, according to Sweezy's Kinked Demand Curve Model?a)Because they are prohibited by government regulations.b)Because they prefer to engage in price collusion.c)Because price cuts lead to competitive retaliation and price increases lead to more elastic demand.d)Because they want to maintain a competitive advantage.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why do oligopolistic firms often avoid changing their prices, according to Sweezy's Kinked Demand Curve Model?a)Because they are prohibited by government regulations.b)Because they prefer to engage in price collusion.c)Because price cuts lead to competitive retaliation and price increases lead to more elastic demand.d)Because they want to maintain a competitive advantage.Correct answer is option 'C'. Can you explain this answer?.

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