Why is there is a kink in the oligopoly model?

Answer

because oligopolistic firms are unlikely to benefit from a reduction in prices, it is something known as game theory, each firm is attempting to get the edge over their competitor, but not with prices. This is because if one firm reduces their
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E. Sweezy and Bertrand.
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An oligopoly is a market structure whereby a few large firms dominate the entire industry. The cereal market is a good example. Kelloggs, Post, General Mills, Quaker are among the
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A price-leadership model of oligopoly may not be an effective means of collusion in an oligopoly because it does not convey all of the necessary information to ...
A price-leadership model of oligopoly may not be an effective means of collusion in an oligopoly because it does not convey all of the necessary information to ...
An oligopoly is a type of market that an economy can be based upon. There are four main types of oligopolies, which include the Dominant Firm model, the Cournot ...
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