8: Oligopoly

Microeconomics 1e · LibreTexts

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    From LibreTexts, under CC BY-NC-SA 4.0, as the source states it; its equations are written in TeX, which the PDF shows typeset. This page at LibreTexts.

    Learning Objectives

    Upon completion of this module, you will be able to:

    • Understand the relative amounts of market power in different market structures.
    • Recognize the relationship between the determinants of market power and the behavior and performance experienced in different markets.
    • Know the measures of market power (market share, concentration, and the HHI) and their limitations.
    • Distinguish interdependent behavior, such as competitive rivalry, from behavior in competitive markets.
    • Describe the forms of oligopolistic behavior, including the kinked-demand-curve-oligopoly model, battles for market share, retaliation, predatory pricing, nonprice competition, gamesmanship, sticky prices, price fixing, price leadership, and allocation of market shares.

    This page titled 8: Oligopoly was last modified on Wed, 10 Jul 2024 19:59:50 GMT and is shared under a CC BY-NC-SA 4.0 license and was authored, remixed, and/or curated by Martin Medeiros.