Professional Documents
Culture Documents
Oligopoly
Oligopoly
Oligopoly
DATE:
Pie PigidibA
oims in oligopoly get up theiY price baod on their
asumphon oB uhat etres other hrm's price will be.
G price is rigid it
do esn't change eaaily
Comnpehhon is of the nahre of
nonprice
Gbaued on Poacros other han price
ads, ualy ather sqle service e
A Prot max
misahon. i n0t the sole obiechue
also aim b
ma miSahon e t
gain aruet shae, sale
Tort
(o Thiou and tome u urrent day marueR which hau
an
the fearr
1S an
olig°pa
PAGE NO.
DATE:
Can be colleive
o'polie
Callueion leadl D the Pormah'on of ca te ls.
exist in an
(e price vigity /price sheuinesmanasilaeuu
(rie maya the ?)
morba milea ot oliopy
olizopol? C verg imp concept, therorgagitt
illa
there
ll ’ hent e
PAGE NO.
DATE:
lemat
Quantity
aarginal also difeerent
m
aivel
my
dArm
mr hrm
haPPen
Here pYohH maMi nisahon
at FH=MC3 PAGE NO.
DATE:
the p int wher
Me graph y MCaaph totege
(o s it possible to Rind tne prokt mazimisin outpa hrom this
qrnr'Cae, it is re ty eay too)
noYna cuYUe
) Add your
That's it
Dernane
Curue
Price
ARD inelash par!
When a hirm in o Elastic Demand )
oligopotg Ppriceg
when price
y dernand ed bg peopie
Psom rhat Brn balls droehtally
teaking othe rm ro To0se
frice Price
AR =D
MC2
Me1
ShU he price
DATE:
Olizepaly ollusion
menepl Collueion
Unshable
Collusions CCarels) aYe
ioherentg rms nave
G beauye individugl
1 ncentive to cheat he nev
froot
-’ re -Coll Uion
A rms hact t t M t
’ Post -Collusion
highe pict
each rm now procuca
individual
A louwer output , he
brm is oot cat me prohh
maximsin
rnahe
iocreaue produchon to
Hence he
ME
ailios
lottnionflavbek aluays en up