Assertion: oligopoly's rival | /r/CapableOf | meet new price
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text: The kinked demand curve hypothesis, advanced almost simultaneously by Paul Sweezy (1939) and a group of Oxford economists (Hall & Hitch 1939),rests on the assumption that each oligopolist visualizes two distinct demand schedules for its output, one that obtains if all rivals meet any new price it sets and another that obtains if rivals do not meet such new prices.