< Microeconomics
Goals:
- To explain how Duopoly and Oligopoly works
- To explain price-based competition (Bertrand)\
To achieve these goals, we build on the definitions from Perfect Competition:
Oligopolistic Competition
Introduction to oligopolies, introduce the special case of duopolies.
Case 1: Duopolistic Competition
Case 2: Oligopolistic Competition
Bertrand competition
Price setting
Case 3: Bertrand Competition
This article is issued from Wikibooks. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.