KINKY DEMAND CURVE

KINKY DEMAND CURVE It is Impossible to find a single centralised solution III the problem of oligopoly pricing. This is because or the difficulty of knowing the exact position 01 the demand curve racing a firm under oligopoly. This in turn is due (. , he fact that the...

PRICE LEADERSHIP UNDER OLIGOPOLY

PRICE LEADERSHIP UNDER OLIGOPOLY In an oligopolistic situation. there are more than two or a few sellers who arc able to exercise monopolistic influence. such a market situation. We generally find that there exists what is called the ‘price...

Collusive Oligopoly

Collusive Oligopoly ‘Cartel’s are a kind of ‘collusive’ oligopoly. OPEC’ Organisation of Petroleum Export countries is one of the example of collusive oligopoly, In this type uf oligopoly, a group is formed under ali agreement, where they...

EVILS OF OLIGOPOLY

EVILS OF OLIGOPOLY There is generally a continuous price war which finally results in disastrously low level of prices. Whcn some of the producers find themselves at an advantage. they wiLL push up the prices crca!in)! an anomalous and discriminatory pattern of prices...

Chamberlin Model

Chamberlain Model  Unlike Corrupt and Edgeworth made ls. Chamberlin model is based on the assumption that both thc producers recognise their mutual interdependence. The following diagram explains the model  Suppose  pluck A enters the krt first. DB is the demand curve...

KINKY DEMAND CURVE

KINKY DEMAND CURVE It is Impossible to find a single gcncralised solut illn III the problem of oligopol y pricing. This is becau .e or the difficulty of knowing the exact position 01 the demand curve racing a firm under oligopoly. This in turn is due (. , he fact that...