Question

"Price stickiness' is seen in
which market ? *
O A. Perfect competition
O B. Oligopoly
O C. Monopolistic competition
O D. Monopoly
This is a required question​

Answer 1

Answer:

Explanation:

Therefore, when the market-clearing price drops, the price remains artificially higher than the new market-clearing level, resulting in excess supply or a surplus. Price stickiness also appears in situations where a long-term contract is involved.

Answer 2

Explanation:

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