What is meant by price rigidity, under oligopoly?

What is meant by price rigidity, under oligopoly?

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Price rigidity refers to the situation where the price of good does not change immediately or readily to the new market clearing price when there are shifts in the demand and supply curve.

5 views Answered 2023-02-05 15:29

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