Concentrated Markets. The theory of oligopoly
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Criado por Alvaro Ferreira6626
aproximadamente 9 anos atrás
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Criado por Alvaro Ferreira6626
aproximadamente 9 anos atrás
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Concentration ratio
Cartels
Collusion
Barriers to entry in an oligopolistic market
Limit and predatory pricing
(Barriers to entry)
Advertising
(Barriers to entry)
Integration
(Barriers to entry)
Non Price competition
(Barriers to entry)
Branding
(Barriers to entry)
Research and Development
(Barriers to entry)
Competitive Oligopoly
Interdependent
Competitive oligopoly
(2)
How are oligopolies characterised?
The kinked demand curve theory
Discontinuous marginal revenue curve
Showing price stability
Problems with the Kinked demand curve theory
Problems with the Kinked demand curve theory (2)
Non-price competition
Non price competition
(2)
Game Theory
Competing or Colluding
Why is there often interdependence in oligopolistic markets?
(GAME THEORY)
Collusive Oligopoly
(Formal Collusion)
Formal Collusion
What is needed to operate a cartel successfully?
Colluding oligopolies can produce where MC equals MR
What is the outcome for producers?
What is the outcome for consumers from oligopolies colluding?
Collusive oligopoly
Informal collusion
Price leader
What forms does price leadership take?
Transfer pricing
Cost plus pricing
What are the benefits of collusion in oligopolistic markets?
What are the drawbacks of collusion in oligopolistic markets?
What are the advantages of oligopolies over competitive markets?
Disadvantages of oligopolies over competitive markets?
