Microeconomics/Oligopolistic Competition
Goals:
- To explain how Duopoly and Oligopoly works
- To explain price-based competition (Bertrand)\
To achieve these goals, we build on the definitions from Perfect Competition:
Oligopolistic Competition edit
Introduction to oligopolies, introduce the special case of duopolies.
Case 1: Duopolistic Competition edit
Case 2: Oligopolistic Competition edit
Bertrand competition edit
Price setting