Business
Business, 19.07.2021 15:30, andrew194

The kinked-demand curve model helps to explain price rigidity because: Group of answer choices the model assumes firms are engaging in some form of collusion. demand is inelastic above and elastic below the going price. the associated marginal revenue curve is perfectly elastic at the going price. there is a gap in the marginal revenue curve within which changes in marginal cost will not affect output or price. PreviousNext

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