Question

Explain sweezy's kinked demand curve model of oligopoly

Answer 1

The kinked demand curve of oligopoly was developed by Paul M. Sweezy in 1939. Instead of laying emphasis on price-output determination, the model explains the behavior of oligopolistic organizations. ... The kinked demand curve model seeks to explain the reason of price rigidity under oligopolistic market situations.

Answer 2

kinked demand curve of oligopolywas developed by Paul M. Sweezy in 1939. Instead of laying emphasis on price-output determination, the model explains the behavior of oligopolisticorganizations. ... The kinked demand curve model seeks to explain the reason of price rigidity underoligopolistic market situations.