Chapter 13

Price and Output

Determination: Oligopoly

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Figure 13.1 Lysine Manufacturers Who
Pled Guilty to Price Fixing

Source: Wall Street Journal, 9 July 1998.

Chapter 13 PRICE AND OUTPUT DETERMINATION:

OLIGOPOLY 2
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Figure 13.2 Price-Output Determination
for a Two-Firm Cartel

Chapter 13 PRICE AND OUTPUT DETERMINATION:

OLIGOPOLY 3
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Figure 13.4a Crude Oil Prices and Share
of Expenditure in U.S. GDP

Chapter 13 PRICE AND OUTPUT DETERMINATION:

OLIGOPOLY 4
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Figure 13.4b Crude Oil Prices and Share
of Expenditure in U.S. GDP

Chapter 13 PRICE AND OUTPUT DETERMINATION:

OLIGOPOLY 5
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Figure 13.5 Dominant Price Leadership

Chapter 13 PRICE AND OUTPUT DETERMINATION:

OLIGOPOLY 6
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Figure 13.6 The Kinked Demand Curve
Model

Chapter 13 PRICE AND OUTPUT DETERMINATION:

OLIGOPOLY 7
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