SlideShare a Scribd company logo
1 of 31
Download to read offline
Oligopoly
Oligopoly ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Cournot Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],O Q DEMAND
[object Object],[object Object],[object Object],[object Object]
SWEEZY MODEL – STICKY PRICES ,[object Object],[object Object],[object Object]
Stable price under conditions of a kinked demand curve £ Q O P 1 Q 1 D   AR MC 2 MC 1 MR a b
[object Object],[object Object],[object Object]
Price - leadership ,[object Object],[object Object],[object Object]
PRICE LEADERSHIP BY DOMINANT FIRM
Cartels ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
cartel ,[object Object],[object Object]
REASONS FOR FAILURE OF CARTELS : ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Strategic Behavior &Game theory ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
Prisoner’s dilemma ,[object Object],[object Object],[object Object],[object Object],[object Object]
Prisoner’s Dilemma by Coke and Pepsi Coke Pepsi (right) Discount Price Regular Price Discount Price Regular Price $4,000, $2,000 $10,000, $1,000 $1,500, $6,500 $12,500, $9,000 (left) Weekly Profits from Grocery Store
DOMINANT STRATEGY: ,[object Object]
[object Object],[object Object],Firm 1 Don’t advertise Advertise Firm 2 Don’t advertise  1  = 500  2  = 500  1  = 750  2  = 0 Advertise  1  = 0  2  = 750  1  = 250  2  = 250
[object Object],Firm 1 Don’t advertise Advertise Firm 2 Don’t advertise  1  = 500  2  = 400  1  = 750  2  = 100 Advertise  1  = 200  2  = 0  1  = 300  2  = 200
Nash Equilibrium: ,[object Object],[object Object]
Game Theory ,[object Object],Low price  high price Low price High price firm2 firm1 2,0 1,2 0,7 6,6
[object Object]
PAYOFF FOR A TWO PERSON CONSTANT SUM GAME B’s strategies A ‘s strategies a ’ b ’ c’ d’ Row minima a 10 9 14 13 9 b 11 8 4 15 4 c 6 7 15 17 6 Column maxima 11 9 15 17 9=9
Non – determined game: B’S STRATEGIES A’s strategies 1 2 3 Row minima 1 19 23 11 11 2 15 19 20 15 3 27 18 19 18 Column. max 27 23 20 18/20
Concentration of economic power: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
EFFECT OF UNIT TAXES UNDER PC EFFECT SHORT RUN LONG RUN PRICE INCREASES BUT BY LESS THAN TAX INCREASES BY FULL AMOUNT OF TAX FIRM’S OUTPUT DECREASES UNCHANGED INDUSTRY OUTPUT  DECREASES DECREASES NUMBER OF FIRMS SAME DECREASES
EFFECT OF LUMPSUM TAX UNDER PC EFFECT SHORT RUN LONGRUN PRICE NO CHANGE INCREASED QUANTITY BY FIRM NO CHANGE INCREASED INDUSTRY OUTPUT NO CHANGE DECREASED NO. OF FIRMS NO CHANGE DECREASED

More Related Content

What's hot

Bertrand competition presentation
Bertrand competition presentationBertrand competition presentation
Bertrand competition presentationRobin McKinnie
 
stackelberg Duopoly model
stackelberg Duopoly modelstackelberg Duopoly model
stackelberg Duopoly modelathira thayyil
 
Oligopoly
Oligopoly Oligopoly
Oligopoly kostami
 
Monopoly market a brief study for MBA
Monopoly market a brief study for MBAMonopoly market a brief study for MBA
Monopoly market a brief study for MBAAndrews.V
 
Monopolistic Competition
Monopolistic CompetitionMonopolistic Competition
Monopolistic Competitiontutor2u
 
Perfect Competition
Perfect CompetitionPerfect Competition
Perfect Competitiontutor2u
 
Price Leadership Model
Price Leadership ModelPrice Leadership Model
Price Leadership ModelAmit kumar
 
Kinked demand curve model
Kinked demand curve modelKinked demand curve model
Kinked demand curve modelMuhammad Zahid
 
Oligopoly presentation
Oligopoly presentationOligopoly presentation
Oligopoly presentationzuha handoo
 
Unit 3 Price and Output Detrmination
Unit 3 Price and Output DetrminationUnit 3 Price and Output Detrmination
Unit 3 Price and Output DetrminationRadhika Gohel
 
Monopolistic Equilibrium in short and long run
Monopolistic Equilibrium in short and long runMonopolistic Equilibrium in short and long run
Monopolistic Equilibrium in short and long runShakti Yadav
 
Price Discrimination
Price DiscriminationPrice Discrimination
Price Discriminationtutor2u
 
Perfect competition
Perfect competitionPerfect competition
Perfect competitiondomsr
 

What's hot (20)

Bertrand competition presentation
Bertrand competition presentationBertrand competition presentation
Bertrand competition presentation
 
stackelberg Duopoly model
stackelberg Duopoly modelstackelberg Duopoly model
stackelberg Duopoly model
 
Oligopoly market
Oligopoly marketOligopoly market
Oligopoly market
 
Cournot model
Cournot modelCournot model
Cournot model
 
Oligopoly
OligopolyOligopoly
Oligopoly
 
Oligopoly
Oligopoly Oligopoly
Oligopoly
 
Monopoly market a brief study for MBA
Monopoly market a brief study for MBAMonopoly market a brief study for MBA
Monopoly market a brief study for MBA
 
Monopolistic Competition
Monopolistic CompetitionMonopolistic Competition
Monopolistic Competition
 
Monopoly
MonopolyMonopoly
Monopoly
 
Perfect Competition
Perfect CompetitionPerfect Competition
Perfect Competition
 
Price Leadership Model
Price Leadership ModelPrice Leadership Model
Price Leadership Model
 
Kinked demand curve model
Kinked demand curve modelKinked demand curve model
Kinked demand curve model
 
Pure monopoly
Pure monopolyPure monopoly
Pure monopoly
 
Oligopoly presentation
Oligopoly presentationOligopoly presentation
Oligopoly presentation
 
Unit 3 Price and Output Detrmination
Unit 3 Price and Output DetrminationUnit 3 Price and Output Detrmination
Unit 3 Price and Output Detrmination
 
Monopolistic Equilibrium in short and long run
Monopolistic Equilibrium in short and long runMonopolistic Equilibrium in short and long run
Monopolistic Equilibrium in short and long run
 
Price Discrimination
Price DiscriminationPrice Discrimination
Price Discrimination
 
Cartels ppt
Cartels pptCartels ppt
Cartels ppt
 
Perfect competition
Perfect competitionPerfect competition
Perfect competition
 
monopoly
monopolymonopoly
monopoly
 

Viewers also liked

Monopolistic Competition and Oligopoly
Monopolistic Competition and OligopolyMonopolistic Competition and Oligopoly
Monopolistic Competition and OligopolyNoel Buensuceso
 
Managerial economics
Managerial economicsManagerial economics
Managerial economicsManish Singh
 
Managerial economics
Managerial economicsManagerial economics
Managerial economicsKapil Chhabra
 
Managerial-Economics
Managerial-EconomicsManagerial-Economics
Managerial-EconomicsPrathammk
 
Introduction to managerial economics
Introduction to managerial economicsIntroduction to managerial economics
Introduction to managerial economicsSuravarapu Padma
 
Managerial economics ppt baba @ mba 2009
Managerial economics ppt baba  @ mba 2009Managerial economics ppt baba  @ mba 2009
Managerial economics ppt baba @ mba 2009Babasab Patil
 
Oligopoly Presentation
Oligopoly PresentationOligopoly Presentation
Oligopoly Presentationguestf2ffd4
 

Viewers also liked (10)

Oligopoly
OligopolyOligopoly
Oligopoly
 
Chapter 25 oligopoly
Chapter 25 oligopolyChapter 25 oligopoly
Chapter 25 oligopoly
 
Monopolistic Competition and Oligopoly
Monopolistic Competition and OligopolyMonopolistic Competition and Oligopoly
Monopolistic Competition and Oligopoly
 
Managerial economics
Managerial economicsManagerial economics
Managerial economics
 
Managerial economics
Managerial economicsManagerial economics
Managerial economics
 
Managerial-Economics
Managerial-EconomicsManagerial-Economics
Managerial-Economics
 
Introduction to managerial economics
Introduction to managerial economicsIntroduction to managerial economics
Introduction to managerial economics
 
Managerial economics ppt baba @ mba 2009
Managerial economics ppt baba  @ mba 2009Managerial economics ppt baba  @ mba 2009
Managerial economics ppt baba @ mba 2009
 
Oligopoly Presentation
Oligopoly PresentationOligopoly Presentation
Oligopoly Presentation
 
Oligopoly market
Oligopoly marketOligopoly market
Oligopoly market
 

Similar to Oligopoly

087 Pricing my product-strategical tkinking
087 Pricing my product-strategical tkinking087 Pricing my product-strategical tkinking
087 Pricing my product-strategical tkinkingDr Fereidoun Dejahang
 
Monopolistic And Oligopoly
Monopolistic And OligopolyMonopolistic And Oligopoly
Monopolistic And Oligopolymandalina landy
 
Perfect Competition
Perfect CompetitionPerfect Competition
Perfect Competitionvarun23oct
 
MBA 681 Economics for Strategic DecisionsPrepared by Yun Wan.docx
MBA 681 Economics for Strategic DecisionsPrepared by Yun Wan.docxMBA 681 Economics for Strategic DecisionsPrepared by Yun Wan.docx
MBA 681 Economics for Strategic DecisionsPrepared by Yun Wan.docxalfredacavx97
 
Ch07 cmba 401
Ch07 cmba 401Ch07 cmba 401
Ch07 cmba 401domsr
 
A2 7b. Market Structures 2.pptx
A2 7b. Market Structures 2.pptxA2 7b. Market Structures 2.pptx
A2 7b. Market Structures 2.pptxFeiChen91
 
Chapter 2 detailed on market structures.ppt
Chapter 2 detailed on market structures.pptChapter 2 detailed on market structures.ppt
Chapter 2 detailed on market structures.pptnatan82253
 
Microeconomics Oligopoly
Microeconomics OligopolyMicroeconomics Oligopoly
Microeconomics OligopolyRakesh Mehta
 
Oligopoly: Price leadership, its types and difficult
Oligopoly: Price leadership, its types and difficultOligopoly: Price leadership, its types and difficult
Oligopoly: Price leadership, its types and difficultPETER FRANCIS MILLANZI
 
Perfect competition -phpapp01
Perfect competition -phpapp01Perfect competition -phpapp01
Perfect competition -phpapp01AbrarSikder
 
Exam 3 notes
Exam 3 notesExam 3 notes
Exam 3 notesds064643
 

Similar to Oligopoly (20)

Chap7
Chap7Chap7
Chap7
 
Chap7
Chap7Chap7
Chap7
 
087 Pricing my product-strategical tkinking
087 Pricing my product-strategical tkinking087 Pricing my product-strategical tkinking
087 Pricing my product-strategical tkinking
 
Monopolistic And Oligopoly
Monopolistic And OligopolyMonopolistic And Oligopoly
Monopolistic And Oligopoly
 
Perfect Competition
Perfect CompetitionPerfect Competition
Perfect Competition
 
Ch13
Ch13Ch13
Ch13
 
Ch13
Ch13 Ch13
Ch13
 
Perfectly competitive market
Perfectly competitive marketPerfectly competitive market
Perfectly competitive market
 
Oligopoly
OligopolyOligopoly
Oligopoly
 
MBA 681 Economics for Strategic DecisionsPrepared by Yun Wan.docx
MBA 681 Economics for Strategic DecisionsPrepared by Yun Wan.docxMBA 681 Economics for Strategic DecisionsPrepared by Yun Wan.docx
MBA 681 Economics for Strategic DecisionsPrepared by Yun Wan.docx
 
Ch07 cmba 401
Ch07 cmba 401Ch07 cmba 401
Ch07 cmba 401
 
Pricing in Economics
Pricing in Economics Pricing in Economics
Pricing in Economics
 
Chapter 23 pure competition
Chapter 23  pure competitionChapter 23  pure competition
Chapter 23 pure competition
 
A2 7b. Market Structures 2.pptx
A2 7b. Market Structures 2.pptxA2 7b. Market Structures 2.pptx
A2 7b. Market Structures 2.pptx
 
Chapter 2 detailed on market structures.ppt
Chapter 2 detailed on market structures.pptChapter 2 detailed on market structures.ppt
Chapter 2 detailed on market structures.ppt
 
Oligopoly
OligopolyOligopoly
Oligopoly
 
Microeconomics Oligopoly
Microeconomics OligopolyMicroeconomics Oligopoly
Microeconomics Oligopoly
 
Oligopoly: Price leadership, its types and difficult
Oligopoly: Price leadership, its types and difficultOligopoly: Price leadership, its types and difficult
Oligopoly: Price leadership, its types and difficult
 
Perfect competition -phpapp01
Perfect competition -phpapp01Perfect competition -phpapp01
Perfect competition -phpapp01
 
Exam 3 notes
Exam 3 notesExam 3 notes
Exam 3 notes
 

More from Kinnar Majithia (20)

South korea final
South korea finalSouth korea final
South korea final
 
Inflation & unemployment
Inflation & unemploymentInflation & unemployment
Inflation & unemployment
 
Fiscal policy
Fiscal policyFiscal policy
Fiscal policy
 
Business+cycles
Business+cyclesBusiness+cycles
Business+cycles
 
Business cycles 2
Business cycles 2Business cycles 2
Business cycles 2
 
Aggregate+demand+&supply
Aggregate+demand+&supplyAggregate+demand+&supply
Aggregate+demand+&supply
 
Aggregate demand &supply
Aggregate demand &supplyAggregate demand &supply
Aggregate demand &supply
 
National income accounting 1
National income accounting 1National income accounting 1
National income accounting 1
 
Lesson 18 weath-2
Lesson 18 weath-2Lesson 18 weath-2
Lesson 18 weath-2
 
Lesson 16 advanced tax
Lesson 16 advanced taxLesson 16 advanced tax
Lesson 16 advanced tax
 
Lesson 15
Lesson 15Lesson 15
Lesson 15
 
Lesson 14
Lesson 14Lesson 14
Lesson 14
 
Lesson 13
Lesson 13Lesson 13
Lesson 13
 
Lesson 12 deductions
Lesson 12 deductionsLesson 12 deductions
Lesson 12 deductions
 
Lesson 11
Lesson 11Lesson 11
Lesson 11
 
Lesson 10 clubbing of -income
Lesson 10 clubbing of -incomeLesson 10 clubbing of -income
Lesson 10 clubbing of -income
 
Lesson 9
Lesson 9Lesson 9
Lesson 9
 
Lesson 8 capital-gains
Lesson 8 capital-gainsLesson 8 capital-gains
Lesson 8 capital-gains
 
Lesson 7 income frm-bbusi
Lesson 7 income frm-bbusiLesson 7 income frm-bbusi
Lesson 7 income frm-bbusi
 
Lesson 6 income from house pro
Lesson 6 income from house proLesson 6 income from house pro
Lesson 6 income from house pro
 

Recently uploaded

Testing tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesTesting tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesKari Kakkonen
 
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...Wes McKinney
 
React JS; all concepts. Contains React Features, JSX, functional & Class comp...
React JS; all concepts. Contains React Features, JSX, functional & Class comp...React JS; all concepts. Contains React Features, JSX, functional & Class comp...
React JS; all concepts. Contains React Features, JSX, functional & Class comp...Karmanjay Verma
 
A Framework for Development in the AI Age
A Framework for Development in the AI AgeA Framework for Development in the AI Age
A Framework for Development in the AI AgeCprime
 
Use of FIDO in the Payments and Identity Landscape: FIDO Paris Seminar.pptx
Use of FIDO in the Payments and Identity Landscape: FIDO Paris Seminar.pptxUse of FIDO in the Payments and Identity Landscape: FIDO Paris Seminar.pptx
Use of FIDO in the Payments and Identity Landscape: FIDO Paris Seminar.pptxLoriGlavin3
 
Moving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfMoving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfLoriGlavin3
 
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Mark Simos
 
Modern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
Modern Roaming for Notes and Nomad – Cheaper Faster Better StrongerModern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
Modern Roaming for Notes and Nomad – Cheaper Faster Better Strongerpanagenda
 
Emixa Mendix Meetup 11 April 2024 about Mendix Native development
Emixa Mendix Meetup 11 April 2024 about Mendix Native developmentEmixa Mendix Meetup 11 April 2024 about Mendix Native development
Emixa Mendix Meetup 11 April 2024 about Mendix Native developmentPim van der Noll
 
Top 10 Hubspot Development Companies in 2024
Top 10 Hubspot Development Companies in 2024Top 10 Hubspot Development Companies in 2024
Top 10 Hubspot Development Companies in 2024TopCSSGallery
 
Data governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationData governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationKnoldus Inc.
 
A Glance At The Java Performance Toolbox
A Glance At The Java Performance ToolboxA Glance At The Java Performance Toolbox
A Glance At The Java Performance ToolboxAna-Maria Mihalceanu
 
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...Alkin Tezuysal
 
How to Effectively Monitor SD-WAN and SASE Environments with ThousandEyes
How to Effectively Monitor SD-WAN and SASE Environments with ThousandEyesHow to Effectively Monitor SD-WAN and SASE Environments with ThousandEyes
How to Effectively Monitor SD-WAN and SASE Environments with ThousandEyesThousandEyes
 
Decarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityDecarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityIES VE
 
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotesMuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotesManik S Magar
 
Potential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsPotential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsRavi Sanghani
 
React Native vs Ionic - The Best Mobile App Framework
React Native vs Ionic - The Best Mobile App FrameworkReact Native vs Ionic - The Best Mobile App Framework
React Native vs Ionic - The Best Mobile App FrameworkPixlogix Infotech
 
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS:  6 Ways to Automate Your Data IntegrationBridging Between CAD & GIS:  6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integrationmarketing932765
 
Scale your database traffic with Read & Write split using MySQL Router
Scale your database traffic with Read & Write split using MySQL RouterScale your database traffic with Read & Write split using MySQL Router
Scale your database traffic with Read & Write split using MySQL RouterMydbops
 

Recently uploaded (20)

Testing tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examplesTesting tools and AI - ideas what to try with some tool examples
Testing tools and AI - ideas what to try with some tool examples
 
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
 
React JS; all concepts. Contains React Features, JSX, functional & Class comp...
React JS; all concepts. Contains React Features, JSX, functional & Class comp...React JS; all concepts. Contains React Features, JSX, functional & Class comp...
React JS; all concepts. Contains React Features, JSX, functional & Class comp...
 
A Framework for Development in the AI Age
A Framework for Development in the AI AgeA Framework for Development in the AI Age
A Framework for Development in the AI Age
 
Use of FIDO in the Payments and Identity Landscape: FIDO Paris Seminar.pptx
Use of FIDO in the Payments and Identity Landscape: FIDO Paris Seminar.pptxUse of FIDO in the Payments and Identity Landscape: FIDO Paris Seminar.pptx
Use of FIDO in the Payments and Identity Landscape: FIDO Paris Seminar.pptx
 
Moving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdfMoving Beyond Passwords: FIDO Paris Seminar.pdf
Moving Beyond Passwords: FIDO Paris Seminar.pdf
 
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
Tampa BSides - The No BS SOC (slides from April 6, 2024 talk)
 
Modern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
Modern Roaming for Notes and Nomad – Cheaper Faster Better StrongerModern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
Modern Roaming for Notes and Nomad – Cheaper Faster Better Stronger
 
Emixa Mendix Meetup 11 April 2024 about Mendix Native development
Emixa Mendix Meetup 11 April 2024 about Mendix Native developmentEmixa Mendix Meetup 11 April 2024 about Mendix Native development
Emixa Mendix Meetup 11 April 2024 about Mendix Native development
 
Top 10 Hubspot Development Companies in 2024
Top 10 Hubspot Development Companies in 2024Top 10 Hubspot Development Companies in 2024
Top 10 Hubspot Development Companies in 2024
 
Data governance with Unity Catalog Presentation
Data governance with Unity Catalog PresentationData governance with Unity Catalog Presentation
Data governance with Unity Catalog Presentation
 
A Glance At The Java Performance Toolbox
A Glance At The Java Performance ToolboxA Glance At The Java Performance Toolbox
A Glance At The Java Performance Toolbox
 
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
Unleashing Real-time Insights with ClickHouse_ Navigating the Landscape in 20...
 
How to Effectively Monitor SD-WAN and SASE Environments with ThousandEyes
How to Effectively Monitor SD-WAN and SASE Environments with ThousandEyesHow to Effectively Monitor SD-WAN and SASE Environments with ThousandEyes
How to Effectively Monitor SD-WAN and SASE Environments with ThousandEyes
 
Decarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a realityDecarbonising Buildings: Making a net-zero built environment a reality
Decarbonising Buildings: Making a net-zero built environment a reality
 
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotesMuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
MuleSoft Online Meetup Group - B2B Crash Course: Release SparkNotes
 
Potential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and InsightsPotential of AI (Generative AI) in Business: Learnings and Insights
Potential of AI (Generative AI) in Business: Learnings and Insights
 
React Native vs Ionic - The Best Mobile App Framework
React Native vs Ionic - The Best Mobile App FrameworkReact Native vs Ionic - The Best Mobile App Framework
React Native vs Ionic - The Best Mobile App Framework
 
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS:  6 Ways to Automate Your Data IntegrationBridging Between CAD & GIS:  6 Ways to Automate Your Data Integration
Bridging Between CAD & GIS: 6 Ways to Automate Your Data Integration
 
Scale your database traffic with Read & Write split using MySQL Router
Scale your database traffic with Read & Write split using MySQL RouterScale your database traffic with Read & Write split using MySQL Router
Scale your database traffic with Read & Write split using MySQL Router
 

Oligopoly

  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Stable price under conditions of a kinked demand curve £ Q O P 1 Q 1 D  AR MC 2 MC 1 MR a b
  • 9.
  • 10.
  • 11. PRICE LEADERSHIP BY DOMINANT FIRM
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19. Prisoner’s Dilemma by Coke and Pepsi Coke Pepsi (right) Discount Price Regular Price Discount Price Regular Price $4,000, $2,000 $10,000, $1,000 $1,500, $6,500 $12,500, $9,000 (left) Weekly Profits from Grocery Store
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26. PAYOFF FOR A TWO PERSON CONSTANT SUM GAME B’s strategies A ‘s strategies a ’ b ’ c’ d’ Row minima a 10 9 14 13 9 b 11 8 4 15 4 c 6 7 15 17 6 Column maxima 11 9 15 17 9=9
  • 27. Non – determined game: B’S STRATEGIES A’s strategies 1 2 3 Row minima 1 19 23 11 11 2 15 19 20 15 3 27 18 19 18 Column. max 27 23 20 18/20
  • 28.
  • 29.
  • 30. EFFECT OF UNIT TAXES UNDER PC EFFECT SHORT RUN LONG RUN PRICE INCREASES BUT BY LESS THAN TAX INCREASES BY FULL AMOUNT OF TAX FIRM’S OUTPUT DECREASES UNCHANGED INDUSTRY OUTPUT DECREASES DECREASES NUMBER OF FIRMS SAME DECREASES
  • 31. EFFECT OF LUMPSUM TAX UNDER PC EFFECT SHORT RUN LONGRUN PRICE NO CHANGE INCREASED QUANTITY BY FIRM NO CHANGE INCREASED INDUSTRY OUTPUT NO CHANGE DECREASED NO. OF FIRMS NO CHANGE DECREASED