Which of the following terms is not associated with a market having a firm whose behavior has been judged to be characteristic of the dominant firm model?
A) godfather
B) price leadership
C) kinked demand curve
D) profit maximization
E) oligopoly

Question

Quizplus · Accepted Answer

The kinked demand curve model is associated with oligopolistic markets but not specifically with the dominant firm model. It describes how firms in oligopoly might react to price changes, assuming that rivals will follow a price decrease but not a price increase, leading to a kinked demand curve for each firm.

Which of the Following Terms Is Not Associated with a Market