2019年11月28日 · Clear and easy to understand diagrams relating to oligopoly. Kinked demand curve, diagram for collusion, economies of scale and the efficiency of firms in oligopoly

In this article we will discuss about collusive oligopoly and how is price determined in this oligopoly. When there is product differentiation, i.e., differentiated oligop­oly, two or few sellers may recognise that their prices are closely interre­lated.

2024年10月4日 · Oligopoly notes on collusion, game theory, kinked demand, diagrams, analysis and evaluation | Also includes tacit versus overt collusion and non-price factors.

3 天之前 · You are expected to explain/analyze (AO2) the characteristics of an oligopoly, draw (AO4) the collusive oligopoly diagram, and evaluate/examine (AO3) allocative efficiency in an oligopoly, game theory, types of oligopoly competition, and market concentration (HL)

2022年4月22日 · In this video we work through a price-fixing diagram associated with cartel behaviour in an oligopoly. A cartel is a form of collusion between suppliers. A cartel occurs when two or more firms (usually within an oligopoly) enter into agreements to restrict the market supply and thereby fix the price of a product in a particular industry.

The Collusion Model. There is no single model of profit-maximizing oligopoly behavior that corresponds to economists’ models of perfect competition, monopoly, and monopolistic competition. Uncertainty about the interaction of rival firms makes specification of a single model of oligopoly impossible.

2024年11月22日 · In an oligopoly, firms are interdependent, and collusion provides stability in pricing and output decisions. Collusion helps firms avoid destructive price competition that erodes profitability. Collusion is inherently unstable because firms have an incentive to cheat by secretly lowering prices or increasing output to capture a larger market share.

2021年3月21日 · This short revision video evaluates some of the main arguments against collusive behaviour and a number of counter-arguments.

2016年4月25日 · Uncertainty about the interaction of rival firms makes specification of a single model of oligopoly impossible. Instead, economists have devised a variety of models that deal with the uncertain nature of rivals’ responses in different ways. In this section we review one type of oligopoly model, the collusion model.

Profit Maximization for an Oligopoly. The profit maximizing point for colluding oligopolies is found where MR=MC, where price is P c , just as in a monopoly. Because of cutthroat competition, oligopolies may instead act as perfect competitors, moving the profit maximizing point to where demand and MC intersect, just as in perfect competition.