Price elasticity of demand Flashcards
1
Q
Perfect Competition
A
Perfectly elastic
2
Q
Monopolistic Competition
A
Highly elastic
3
Q
Oligopoly
A
kinked demand
4
Q
Pure Monopoly
A
inelastic
Perfect Competition
Perfectly elastic
Monopolistic Competition
Highly elastic
Oligopoly
kinked demand
Pure Monopoly
inelastic