Tag: Oligopoly

A cartel is defined as a group of firms that gets together to make output and price decisions. The conditions that give Read more…

As mentioned above, there is no single theory of oligopoly. The two that are most frequently discussed, however, are the kinked‐demand Read more…

Oligopoly is the least understood market structure; consequently, it has no single, unified theory. Nevertheless, there is some agreement as Read more…