In the Paul Sweezy Model of Oligopoly in the Kinked Demand Curve, the point of kink represents
A. Quantity Rigidity
B. Price Rigidity
C. Both the Price and Quantity Rigidity
D. Only Price Rigidity
Answer:C
In the Paul Sweezy Model of Oligopoly in the Kinked Demand Curve, the point of kink represents
A. Quantity Rigidity B. Price Rigidity C. Both the Price and Quantity Rigidity D. Only Price Rigidity