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3 Tutorials that teach Oligopoly
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Oligopoly

Oligopoly

Author: Justin Tapp
Description:

This lesson will explain Oligopoly

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Tutorial
Terms to Know
Cartel

A group of colluding firms.

Collusion

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

Oligopoly

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

Prisoner's Dilemma

A model used to illustrate why collusion tends to break down.