According to the kinked demand curve theory, the behavior of firms in an oligopoly creates a demand curve that is at prices above the cartel price and at prices below the cartel price.

According to the kinked demand curve theory, this behavior creates a demand curve that is more elastic at prices above the cartel price and more inelastic at prices below the cartel price.

Explanation:

Oligopoly is a market structure with a small number of firms, none of which can keep the from from having significant influence in the same specialization they indulge in.

The kinked demand curve theory means that the response to a price increase is less than the response to a price decrease of the Olipolist in the market

is the answer

explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.