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  2. Kinked demand - Wikipedia

    en.wikipedia.org/wiki/Kinked_demand

    A kink in an otherwise linear demand curve. Note how marginal costs can fluctuate between MC1 and MC3 without the equilibrium quantity or price changing. The Kinked-Demand curve theory is an economic theory regarding oligopoly and monopolistic competition. Kinked demand was an initial attempt to explain sticky prices.

  3. Paul Sweezy - Wikipedia

    en.wikipedia.org/wiki/Paul_Sweezy

    Sweezy did pioneering work in the fields of expectations and oligopoly in these years, introducing for the first time the concept of the kinked demand curve in the determination of oligopoly pricing. [3] Harvard published Sweezy's dissertation, Monopoly and Competition in the English Coal Trade, 1550–1850, in 1938.

  4. Non-price competition - Wikipedia

    en.wikipedia.org/wiki/Non-price_competition

    In order to distinguish themselves well, these firms can compete in price, but more often, oligopolistic firms engage in non-price competition because of their kinked demand curve. In the kinked demand curve model, the firm will maximize its profits at Q,P where the marginal revenue (MR) is equal to the marginal cost (MC) of the firm.

  5. Market power - Wikipedia

    en.wikipedia.org/wiki/Market_power

    The graph below depicts the kinked demand curve hypothesis which was proposed by Paul Sweezy who was an American economist. [29] It is important to note that this graph is a simplistic example of a kinked demand curve. Kinked Demand Curve. Oligopolistic firms are believed to operate within the confines of the kinked demand function.

  6. Oligopoly - Wikipedia

    en.wikipedia.org/wiki/Oligopoly

    The fierce price competitiveness, created by a sticky-upward demand curve, causes firms to use non-price competition in order to accrue greater revenue and market share. "Kinked" demand curves appear similar to traditional demand curves but are distinguished by a hypothesised [clarification needed] convex bend with a discontinuity at the bend ...

  7. Demand curve - Wikipedia

    en.wikipedia.org/wiki/Demand_curve

    An example of a demand curve shifting. D1 and D2 are alternative positions of the demand curve, S is the supply curve, and P and Q are price and quantity respectively. The shift from D1 to D2 means an increase in demand with consequences for the other variables

  8. Pomeranian’s Anticipation of Getting to Grandpa’s House Is ...

    www.aol.com/lifestyle/pomeranian-anticipation...

    Related: Chow Chow's Excitement Over Seeing Grandma Is Downright Heartwarming. All About Pomeranians. Pomeranians, or Poms as they're lovingly referred to, are known for their happy and friendly ...

  9. Collusion - Wikipedia

    en.wikipedia.org/wiki/Collusion

    Firms face a kinked demand curve if, when one firm decreases its price, other firms are expected to follow suit to maintain sales. When one firm increases its price, its rivals are unlikely to follow, as they would lose the sales gains they would otherwise receive by holding prices at the previous level.