how-does-the-number-of-firms-in-an-oligopoly-influence-the-kinked-demand-curve

Question

How does the number of firms in an oligopoly influence the kinked-demand curve?

Accepted Answer

More firms lead to a more pronounced kink due to increased interdependence.

Answer

More firms lead to a perfectly elastic demand curve.

Answer

Fewer firms result in a less pronounced kink due to decreased competition.

Answer

The number of firms does not affect the kinked-demand curve.