In an oligopolistic or monopolistically competitive market, firms do not raise t

Question

In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?

Options:

A . Swing Demand

B . Imperfect

C . Supracompetitive pricing

D . Kinked Demand

Answer: Option D
Answer: (d)

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