Collusive Oligopoly

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

PRICE LEADERSHIP UNDER OLIGOPOLY

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

DUOPOLY

DUOPOLY Duopoly may be of two types: (a) Duopoly without product differentiation and (b) Duopoly with product dillcrcntiation. Duopoly Without Product Differentiation Under duopoly the simplest cases will be those where the two monopolists arc supposed to be...

DUOPOLY MODELS

DUOPOLY MODELS Cournot Model The following diagram illn tracts the Cournot model. It shows how   and B ph lucks share the total market and adjust output (1101 prices) and how they maximise their profit. In this diagram (30.1) SB i~ the total demand Let The unit cost...

Effects of Monopolistic Competition

Effects of Monopolistic Competition  Based Oil the above analysis may sum up the effects of monopolistic competition a~ under. Ii) Unlike pure competition. under monopolistic competition, output is  the pi iccs slightly higher. Iii) Under mouopohstic c01l1pclilil1n....