Question

Price stickiness is seen in which market?
Moopoly
Oligopoly
Monopolistic competition
Perfect competiton
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Answer 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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Answer 2

Answer:

oligopoly market

Explanation:

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