One reason why prices tend to be less flexible in oligopoly


One reason why prices tend to be less flexible in oligopoly markets than in other market structures is because: A) Coordination tends to stabilize prices B) According to the kinked-demand model, a firm will tend to become worse off if it increases or decreases its prices C) Oligopoly firms cannot afford to let prices decrease since they incur large advertising expenses D) Price changes are always matched by the oligopolist's competitors

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Business Economics: One reason why prices tend to be less flexible in oligopoly
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