Examlex
Which molecular method allows for the detection of a specific organism within a diverse microbial community?
Kinked-Demand Curve
A model that suggests prices tend to be rigid or stable because businesses will follow a strategy of matching price increases but not price decreases by competitors.
Price Rigidity
The phenomenon where prices of goods and services do not adjust immediately to changes in supply and demand conditions.
Product Differentiation
The method of differentiating a product or service to appeal more to a specific target audience.
Kinked-Demand Curve
A model in oligopoly markets where firms face a more elastic demand curve for price increases and a less elastic curve for price decreases.
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