Examlex
Which of the following is not one of Manuel Castells's three main kinds of political identities?
Price Rigidity
Characteristic of oligopolistic markets by which firms are reluctant to change prices even if costs or demands change.
Demand Curve
Depicts how the quantity demanded of a commodity varies with its price, commonly shown as a downward-sloping line on a graph, reflecting the inverse relationship between price and quantity demanded.
Price Leadership
Pattern of pricing in which one firm regularly announces price changes that other firms then match.
Oligopolistic Firms
Companies operating in a market structure characterized by a small number of firms controlling a large market share, often leading to limited competition.
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