Upon successful completion of this module, you will be able to:
• Define oligopoly
• List the characteristics of oligopoly
• Contrast non collusive oligopoly to collusive oligopoly
• List the various oligopoly models
• Define a cartel
• Contrast Cournot’s model to Stackelberg’s model
• Describe a market sharing cartel
• Discuss price leadership
• Describe the Kinked demand Curve model
• Contrast price leadership to barometric leadership
• Discuss collusive oligopoly
• Explain price leadership by a large dominant firm