Kinked demand curve

From CNM Wiki
Jump to: navigation, search

Kinked demand curve is a perceived demand curve that arises when competing oligopoly firms commit to match price cuts, but not price increases.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Kinked demand curve. A perceived demand curve that arises when competing oligopoly firms commit to match price cuts, but not price increases.
Retrieved from "https://pravka.bskol.com/w/index.php?title=Kinked_demand_curve&oldid=47752"