February 2016
Beginner to intermediate
500 pages
33h 40m
English
Anyone can win unless there happens to be a second entry.
—George Ade
Explain how firms in a cartel raise their profits by coordinating their actions.
Illustrate how firms independently choose their output levels to determine the Nash-Cournot equilibrium.
Show how firms independently choose their prices to determine the Nash-Bertrand equilibrium.
Explain how two conditions determine the monopolistic competition equilibrium.