OLIGOPOLY
OLIGOPOLY
OLIGOPOLY
OLIGOPOLY
EXAMPLES OF SWEEZY, COURNOT, STACKELBERG, & BERTRAND
OLIGOPOLY
LAND OF OLIGOPOLIES
What is Oligopoly?
https://corporatefinanceinstitute.com/resources/knowledg
e/economics/oligopolistic-market-oligopoly/
http://neumann.hec.ca/pages/francois.leroux/exercices/
Exercise%2024%20Sweezy.pdf
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07 MAY 2021 / / FRIDAY / / FINALS 1ST ACTIVITY OLIGOPOLY
The second model of oligopoly was Cournot model,
Cournot's oligopoly model is one of the oldest theories
of individual firm behavior and is related to non-
collusive oligopoly. According to the Cournot model,
an oligopolist believes that his opponent will
maintain his productivity regardless of what he does.
An example of a firm under this model is HMV and
Virgin (Music Retailing). For instance, if HMV and
Virgin were struggling to sell the same album in the
music industry. HMV would select a price defendant
based on Virgin's production, and Virgin would do the
same based on HMV's output.
https://saylordotorg.github.io/text_introduction-to-
economic-analysis/s18-01-cournot-oligopoly.html
KEYWORDS
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