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Kinked demand curve hypothesis is given by: 
  • a)
    Alfred marshal 
  • b)
    A.C Pigou 
  • c)
    Sweezy 
  • d)
    Hicks & allen 
Correct answer is option 'C'. Can you explain this answer?
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Kinked demand curve hypothesis is given by:a)Alfred marshalb)A.C Pigou...
1. Sweezy's Kinked Demand Curve Model: The kinked demand curve of oligopoly was developed by Paul M. Sweezy in 1939. Instead of laying emphasis on price-output determination, the model explains the behavior of oligopolistic organizations.
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Kinked demand curve hypothesis is given by:a)Alfred marshalb)A.C Pigou...
C) Sweezy
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Kinked demand curve hypothesis is given by:a)Alfred marshalb)A.C Pigouc)Sweezyd)Hicks & allenCorrect answer is option 'C'. Can you explain this answer?
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