Assertion: oligopoly's price | /r/HasProperty | rigid
Facets:
value: in oligopoly
type: LOCATION
Source sentences:
text: Therefore this suggests that prices will be rigid in oligopoly
text: Thus prices tend to be rigid.
text: This model suggests price will be rigid because there is no incentive for firms to change the price
text: If prices are rigid and firms have little incentive to change prices they will concentrate on non-price competition.
text: Because each firm in an oligopoly knows its share of the total market for the product or service it produces, and because any change in price or change in market share by one firm is reflected in the sales of the others, there tends to be a high degree of interdependence among firms; each firm must make its price and output decisions with regard to the responses of the other firms in the oligopoly, so that oligopoly prices, once established, are rigid.
text: Thus the price tends to be rigid where oligopolist takes independent action.