Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed.

PART 5 Firm Behavior and the Organization of Industry

Chapter 17 of 36 Oligopoly

Section 1 of 25

…

Chapter 17 – Oligopoly - Topics

Markets With Only a Few Sellers

A Duopoly Example

Competition, Monopolies, and Cartels

The Equilibrium for an Oligopoly

How the Size of an Oligopoly Affects the Market Outcome

The Economics of Cooperation

Oligopolies As a Prisoners' Dilemma

OPEC and the World Oil Market

The Prisoners' Dilemma and the Welfare of Society

Why People Sometimes Cooperate

The Prisoners' Dilemma Tournament

Public Policy Toward Oligopolies

Restraint of Trade and the Antitrust Laws

Public Price Fixing

Controversies Over Antitrust Policy

The Microsoft Case

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