Imperfect Competition
Imperfect Competition
Types of Imperfectly Competitive Markets
The Four Types of Market Structure
Markets With Only a Few Sellers
Characteristics of an Oligopoly Market
A Duopoly Example
Competition, Monopolies, and Cartels
Competition, Monopolies, and Cartels
The Equilibrium for an Oligopoly
The Equilibrium for an Oligopoly
The Equilibrium for an Oligopoly
Summary of Equilibrium for an Oligopoly
How the Size of an Oligopoly Affects the Market Outcome
How the Size of an Oligopoly Affects the Market Outcome
Game Theory and the Economics of Cooperation
Game Theory and the Economics of Cooperation
The Prisoners’ Dilemma
The Prisoners’ Dilemma
The Prisoners’ Dilemma
The Prisoners’ Dilemma
Oligopolies as a Prisoners’ Dilemma
Oligopolies as a Prisoners’ Dilemma
An Arms-Race Game
An Advertising Game
A Common-Resources Game
Why People Sometimes Cooperate
Jack and Jill’s Oligopoly Game
Public Policy Toward Oligopolies
Restraint of Trade and the Antitrust Laws
Controversies over Antitrust Policy
Resale Price Maintenance
Predatory Pricing
Tying
Summary
Summary
Summary