The kinked-demand curve model shows that oligopolistic firms tend to change their prices frequently.

Name: The kinked-demand curve model shows that oligopolistic firms tend to change their prices frequently.
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The kinked-demand curve model suggests that oligopolistic firms are unlikely to change their prices frequently because they assume competitors will not follow price increases but will match price decreases, leading to a stable price environment.

The Kinked-Demand Curve Model Shows That Oligopolistic Firms Tend to Change