Price stickiness is seen in which market?
Moopoly
Oligopoly
Monopolistic competition
Perfect competiton
Answers
Answered by
1
Answer:
(b) Oligopoly
Explanation:
Oligopoly is a situation where few firms dominate the market and they are very highly concentrated. There is also restrictions on entry and exit of firms. Hence, oligopolistic industries are characterized by a few dominant firms and substantial barriers to entry. There is also a price stickiness seen in oligopoly. Hence, under oligopoly, price rigidity is often predicted.
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Answered by
2
Answer:
oligopoly market
Explanation:
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