UGC NET/JRF 2023 Commerce | Oligopoly-Types/Kinked Curve/Graph | Priyanka Ma'am

[@SHUBHAMPATEL203-b6k]

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[@ritujain2401]

A kinked demand curve refers to a demand curve that is not linear but has different degrees of elasticity at different price levels. It has higher elasticity for prices above the market price and lower elasticity for prices below the market price.

[@ranjeetaruhil]

mam pls reply reaction curve related to which model cournot model or Bertrand model

[@gyanendrakumarsatapathy4257]

Under oligopoly market situation there are few sellers who sell their products. And the pricing decison of one firm affects the other firms as it would affect both their market share and revenue. If a seller raises the price of the product other competitors may not follow him. They know that by following the same pricing technique, they can earn more profits. That producer, who has raised the price, is likely to suffer losses because demand of his product will fall due less advertisement or awareness or the people may find a cheap alternative. The competitors are all aware about the market decision so they may take time to gain profit or may not increase the price due to the precautionary measures.

[@veer-sn3tj]

Plz hindi m pdf provide kra dijiye