'Quantity competition' presentation slideshows

Course outline I

Course outline I. Introduction Game theory Price setting monopoly oligopoly Quantity setting monopoly oligopoly Process innovation. Homogeneous goods. Quantity and cost competition. Bertrand versus Cournot Simultaneous quantity competition (Cournot)

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Endogenous Market Structures and Welfare

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Monopolistic Competition

Monopolistic Competition. Characteristics 1) Many firms 2) Free entry and exit 3) Differentiated product (but high degree of substitutability) The amount of monopoly power depends on the degree of differentiation. Examples of this common market structure include:

810 views • 24 slides

Introduction to Oligopoly

Module. Micro: Econ:. 28. 64. Introduction to Oligopoly. KRUGMAN'S MICROECONOMICS for AP*. Margaret Ray and David Anderson. What you will learn in this Module :. Why oligopolists have an incentive to act in ways that reduce their combined profit.

150 views • 5 slides