Which of the following is not relevant in case of Sweezy’s oligopoly model?
A. A price cut by a firm is followed by the price cut by the rival firms.
B. Price hike is not followed by the rival firms.
C. Firms do not react to price change made by one of the firms.
D. Firms react to all kinds of price changes made by the rival.
Answer:D
Which of the following is not relevant in case of Sweezy’s oligopoly model?
A. A price cut by a firm is followed by the price cut by the rival firms. B. Price hike is not followed by the rival firms. C. Firms do not react to price change made by one of the firms. D. Firms react to all kinds of price changes made by the rival.