Multiple choice

In oligopoly, the shape of demand curve is

  1. parallel to OX axis

  2. parallel to OY axis

  3. downward sloping

  4. kinked

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The shape of demand curve is kinked in case of oligopoly. The demand curve is parallel to OX axis in perfect competition and downward sloping in monopoly and monopolistic competition.