Microeconomics,, 16th Canadian Edition
- Profit Maximization Is Complicated
- The Basic Dilemma of Oligopoly
- Some Simple Game Theory
a. A Payoff Matrix
b. Strategic Behaviour
a. Cooperative Outcome
b. Non-Cooperative Outcome
c. Nash Equilibrium
- Extensions in Game Theory
F. 11.4 Oligopoly in Practice
- Cooperative Behaviour
a. Explicit Collusion
b. Tacit Collusion
- Competitive Behaviour
- The Importance of Entry Barriers
a. 1. Brand Proliferation as an Entry Barrier
b. 2. Advertising as an Entry Barrier
c. 3. Predatory Pricing as an Entry Barrier
- Oligopoly and the Economy
a. Profits Under Oligopoly
b. Oligopoly and Innovation
G. Summary
- 11.1 Imperfect Competition LO 1, 2
- 11.2 Monopolistic Competition LO 3
- 11.3 Oligopoly and Game Theory LO 4
- 11.4 Oligopoly in Practice LO 5
H. Key Concepts
