'Bq 1 bq 2' presentation slideshows

Oligopoly and Strategic Interaction

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Oligopoly (Game Theory)

Oligopoly (Game Theory). Oligopoly: Assumptions. Many buyers Very small number of major sellers (actions and reactions are important) Homogeneous product (usually, but not necessarily) Perfect knowledge (usually, but not necessarily) Restricted entry (usually, but not necessarily).

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Chapter 11

Chapter 11. The World of Oligopoly: Preliminaries to Successful Entry. Figure 11.1 Marginal and Average Cost Curves for a Firm That Produces Gadgets. Figure 11.2 The Profit-Maximizing Output for the Gadget Monopoly. Cournot Model of a Duopoly. Assumptions: Two Firms:

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