Examlex
What are at least five types of jobs geography majors are qualified to hold?
Kinked-Demand
A demand curve hypothesis in oligopolistic markets that explains why firms may not change their prices even when costs change, due to competitive reactions.
Oligopolist
A firm or business that is part of a market structure where a few companies dominate the industry, often leading to limited competition.
Kinked-Demand Model
A model in economic theory that suggests prices in an oligopoly market tend to become rigid or stable due to competitive reactions.
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