Why does the oligopoly market face kinked shape demand curve?
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According to the kinked‐demandtheory, each firm will face twomarket demand curves for its product. ... If the oligopolist increases its price above the equilibrium price P, it is assumed that the other oligopolists in themarket will not follow with price increases of their own.
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According to the kinked‐demandtheory, each firm will face twomarket demand curves for its product. ... If the oligopolist increases its price above the equilibrium price P, it is assumed that the other oligopolists in themarket will not follow with price increases of their own.
@@@₹₹₹₹₹₹₹₹₹____ brainlest this answer ____₹₹₹₹₹₹₹#@@@@@
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