> The oligopoly juiced prices for flagships and is shocked it affected demand.
> The oligopoly juiced prices for flagships and is shocked it affected demand.
It didn't affect demand, it affected market clearing quantity because demand was not (assuming, arguendo, the description of surprise is correct) what the makers involved in the “juicing” of prices thought it would be.
OTOH, if there are effectively competing alternatives to those offered by the “oligopoly”, then it is not an oligopoly.
> The oligopoly juiced prices for flagships and is shocked it affected demand.
It didn't affect demand, it affected market clearing quantity because demand was not (assuming, arguendo, the description of surprise is correct) what the makers involved in the “juicing” of prices thought it would be.
OTOH, if there are effectively competing alternatives to those offered by the “oligopoly”, then it is not an oligopoly.