In the context of market structures, price rigidity is a feature of: MCQ with Answer and Explanation

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In the context of market structures, price rigidity is a feature of:

A. Monopoly with no barriers

B. Oligopoly

C. Monopolistic competition with free entry only

D. Perfect competition

Answer: Option B

Solution (By JKSSB Mock Tests)

Oligopolistic markets often exhibit price rigidity, explained by the kinked demand curve model, due to inter-firm interdependence.

This question belongs to: Economy GK Economy Set 1

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