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Chapter 15 Oligopoly

Chapter 15 Oligopoly

Author: Matthew Lonn

Students will examine how an oligopolist behaves in the market place and what their characteristics are.

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Questions you should be able to answer after the lesson.

How is an oligopoly different from perfect competition and a monopoly?

What is game theory and what is a firms dominant strategy?

How do I read a pay off matrix?

What does collusion mean?

What is a cartel?

Chapter 15 Notes

Intro to game theory

Game theory practice