Week # 5-6: Collusive & non-collusive oligopoly

Oligopolistic conditions: A simple statement of the problem of oligopoly: Models of Non-collusive Oligopoly: Cournot, Bertrand, Chamberlin, Sweezy & Price Leadership Collusive model of oligopoly: cartels & price leadership models. Mathematical Derivation of Price and Quantity Determination. Monoposony and Buying Power; influence on Price

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