O'Reilly logo

Managerial Economics by Vanita Agarwal

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 12

Oligopoly and Strategies of Pricing

After studying this chapter, you should be able to understand:

  • Oligopoly is a market structure, where there are a few sellers of the product, which may be homogenous or differentiated.
  • Since there are only a few firms in the industry, the actions of one firm influence other firms in the industry. Thus, there exists a mutual interdependence between the firms.
  • There is no set pattern in an oligopoly. There exist many models each based on a different set of behavioural assumptions.
  • Under non-collusive oligopoly, there are no implicit or explicit agreements relating to the price or to the sharing of the market.
  • Cournot equilibrium exists at the point, where the two reaction curves intersect.
  • The kinked ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required