Kinked Demand Curve Theory PAJHolden explains the concept on youtube here: http://www.youtube.com/watch?v=5BQPx8SL9F4 ACDLeadership also explains the basic shape of the KDC (but not the impact of the disjointed MR curve) in a little over 60 seconds: |
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Microeconomics > Theory Of The Firm >
Oligopoly
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