What is mean by price being rigid ? How can oligopoly behaviour lead t

1.	What is mean by price being rigid ? How can oligopoly behaviour lead to such an autcome ?
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Rigid prices means that even if cost or demand changes there will be no change in the <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of the commodity. Oligopoly behaviour <a href="https://interviewquestions.tuteehub.com/tag/leads-540453" style="font-weight:bold;" target="_blank" title="Click to know more about LEADS">LEADS</a> to such rigid prices because firms try to avoid price competition, <a href="https://interviewquestions.tuteehub.com/tag/otherwise-2208214" style="font-weight:bold;" target="_blank" title="Click to know more about OTHERWISE">OTHERWISE</a> there will be price wars.</body></html>

What is mean by price being rigid ? How can oligopoly behaviour lead to such an autcome ?