explain views taking an example of industry facing the problem of price rigidity
Answers
The objects in the oligopolite are usually high cross-elasticity (they are a good choice for each other). This means that the change in a good price will affect other good seed demand.
Companies due to the large number of large vendors and their mutual dependencies
Prices will increase which will be a good demand.
After the price drops, there is no unusual profit by changing the price by other firms.
In Oligopoly
Changes in policy prices (according to one) affect others.
The objects in the oligopolite are usually high cross-elasticity (they are a good choice for each other). This means that the change in a good price will affect other good seed demand.
Companies due to the large number of large vendors and their mutual dependencies
Prices will increase which will be a good demand.
After the price drops, there is no unusual profit by changing the price by other firms.
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