j_ market structure oligopoly_pdf printout.pdf

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Module: Market Structure Oligopoly 1 “Market Structure: Oligopoly” Chapter 15: Cartels, Oligopolies, and Monopolistic Competition Modern Principles of Macroeconomics 2 nd ed. Tyler Cowen and Alex Tabarrok Main References Objectives: 1. State the characteristics of an oligopoly 2. Define mutual interdependence 3. Give examples of oligopolies 4. Fill in a game theory matrix given a set of payoffs and find the equilibrium (if any) 5. Define Nash equilibrium 6. Explain why firms in oligopolies have an incentive to collude 7. Define cartel 8. Explain why cartels are likely to breakdown 9. Explain what antitrust laws are and how they treat collusion (cartels, price fixing) 10.Explain why governments may support cartels in certain industries 11.Evaluate oligopolies based on pricing and deadweight loss. Module: Market Structure - Oligopoly
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