what is the main criticism on kinked demand curve under oligopoly?

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what is the main criticism on kinked demand curve under oligopoly?

2007-01-02 07:55:00 · 3 answers · asked by ahmed 1 in Social Science ➔ Economics

3 answers

There is no critiscism per se on kinked demand curve. It is formed from a 'leader follower' attitude of the market which is very much visible among olgiopolistic companies. I don't know where you got the idea of critiscism of something which explains clearly the behavior of certain types of market structures?

2007-01-03 06:40:38 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋

prices don't change much under oligopoly.

2007-01-03 00:28:08 · answer #2 · answered by osu_otter 2 · 0⤊ 0⤋

It's an awkward sentence to say?

2007-01-02 18:03:06 · answer #3 · answered by Salamander 2 · 0⤊ 1⤋