Considerations regarding price in oligopolistic structured markets

Author:Ramona Ciobanu
Position::Department of Law, Transilvania University of Brasov.

Economists report price rigidity in markets with oligopolistic structures, while explaining the phenomenon. If an oligopolistic firm raises prices, other prices will remain stable in oligopolistic firms, so we will see a significant decrease in sales volume in the firm which increased prices. To avoid this situation an oligopolistic company will not initiate price increases. If oligopolistic... (see full summary)

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