what-is-the-primary-characteristic-of-a-kinked-demand-curve-in-an-oligopolistic-

Question

What is the primary characteristic of a kinked-demand curve in an oligopolistic market?

Accepted Answer

It has a distinct kink where the elasticity of demand changes.

Answer

It is a straight line with constant elasticity.

Answer

It is perfectly inelastic throughout.

Answer

It is perfectly elastic throughout.