Skip to Main Content
Economics
book

Economics

by Terry Hillman
July 2014
Beginner content levelBeginner
384 pages
8h 39m
English
DK Publishing
Content preview from Economics

CHAPTER13

Oligopolies

In This Chapter

  • When a few firms compete
  • The oligopoly: when a market is dominated by a few firms
  • The unique interdependence and behavior of oligopolists
  • Collusion and cartels in the oligopoly
  • When the oligopolist declines to engage in collusion

On the spectrum of market structures, perfect competition, with many producers taking the market price as given, would be on one end, and the monopoly, with one firm dominating supply and making its own price, would be on the other end. Between these two extremes lie two prevalent market structures: oligopoly and monopolistic competition. This chapter describes the oligopoly.

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Economics DeMYSTiFieD

Economics DeMYSTiFieD

Melanie Fox, Eric Dodge
Managerial Economics

Managerial Economics

Vanita Agarwal
Economics for Dummies

Economics for Dummies

Sean Masaki Flynn, PhD

Publisher Resources

ISBN: 9781615645022