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Oligopoly

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In depth notes for A level economics

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Economics








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Tracey Joad Pearson Edexcel International a Level Economics Student Book Ebook
  • 2019
  • 9781292326634
  • Unknown

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Economics
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Uploaded on
October 8, 2023
Number of pages
1
Written in
2022/2023
Type
Interview
Company
Unknown
Person
Unknown

Subjects

  • chapter 11
  • oligopoly
  • monopoly
  • economics
  • perfect competition
  • market failure
  • demand
  • supply

Content preview

CHAPTER 12: OLIGOPOLY


1. Importance of Oligopoly


2. Demand Barriers to Entry & Exit (Economies of scale, Patents, Branding, Sunk,
Costs, Legal barriers, Limit pricing)


3. Collusive Oligopoly (Formal and Tacit Collusion)


4. Prisoner’s Dilemma


5. Costs & Benefits of Collusion to Producers, Consumers, Workers & Government


6. Types of Price Competition (Predatory Vs Limit Pricing)


7. Types of Non-Price Competition (Advertising & Branding, Quality, Endorsement,
Product Placement, After-Sales Service)
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