MCQOPTIONS
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| 1. |
In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept? |
| A. | Supracompetitive pricing |
| B. | Swing Demand |
| C. | Kinked Demand |
| D. | Imperfect |
| Answer» D. Imperfect | |