The kinked demand curve in Sweezy oligopoly model emerges due to assumption that ————-

Question:The kinked demand curve in Sweezy oligopoly model emerges due to assumption that ————-

1.when one seller decreases or increases his price, others follow.

2.when one seller decreases his price others follow him.

3.when one sellers decreases his price others follow but when he increases his price others do not follow

4.When one seller increases his price others decrease their prices.


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