Kinked Demand Curve Model of Oligopoly (With Diagram)
In this article we will discuss about:- 1. Assumptions of the Kinked Demand Curve Model 2. Why the Kink in the Demand Curve? 3. Analysis of the Kinked Demand Curve Model. Assumptions of the Kinked Demand Curve Model: This model was developed independently by Prof. Paul M. Sweezy on the one hand and Profs. R. C. Hall and C. J. [...]