Question

Under non-collusive oligopoly market
structure, demand curve is​

Answer 1

Answer:

The idea of using a non-conventional demand curve to represent non-collusive oligopoly (i.e., where sellers compete with their rivals) was best explained by Paul Sweezy in 1939. ... As a result of this behavioural pattern, the demand curve will be kinked at the ruling market price.

Explanation:

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