Oligopoly, which is a market with few sellers, is covered in this module. Oligopoly is about the behaviour of firms within a group. You will learn about Collusive Oligopoly and Non-collusive Oligopoly. You will also learn about the various models within each group of Oligopoly. Price leadership within the Collusive Oligopoly will be highlighted.

This module is about the Oligopolistic Game Theory. You will learn about how individuals (firms) make decisions being aware that their actions affect each other. You will also learn about the strategy proposed by Nash and the resulting equilibrium. The prisoners’ dilemma will be highlighted.