Question : Kinked demand curve is a feature of
Option 1: Monopoly .
Option 2: Oligopoly .
Option 3: Monopsony .
Option 4: Duopoly .
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Correct Answer: Oligopoly .
Solution : Correct Answer is Oligopoly .
Competing businesses will react differently to price reductions and price increases, which causes the kink in the demand curve. As a result, it is said that an oligopoly is characterized by its kinked demand curve. Interdependence, product differentiation, high entry barriers, ambiguity, and price setters are some of the most crucial oligopoly characteristics.
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