Spec: what students need to learn
- High barriers to entry and exit, high concentration ratio, interdependence, product differentiation
- Calculating n-firm concentration ratios and their significance
Full notes coming soon.
3.4 Oligopoly
Content
3.4.4 (a, b) Characteristics and concentration ratios
3.4.4 (c, d) Collusion
Spec: what students need to learn
- Reasons for collusive and non-collusive behaviour
- Overt and tacit collusion; cartels and price leadership
Full notes coming soon.
3.4.4 (e) Game theory
Spec: what students need to learn
- The prisoner's dilemma in a simple two-firm, two-outcome model
Full notes coming soon.
3.4.4 (f, g) Price and non-price competition
Spec: what students need to learn
- Price wars, predatory pricing and limit pricing
- Types of non-price competition
Full notes coming soon.
Resources
Downloads (PDF)
- Loading...