3 Tutorials that teach Oligopoly
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Author: Justin Tapp
This lesson will explain Oligopoly
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Notes on "Oligopoly"

Terms to Know


An attempt by firms to agree on prices and the number of units produced


A group of colluding firms

Prisoner's Dilemma

A model used to illustrate why collusion tends to break down


An industry market structure characterized by a few firms selling similar products.