A revision presentation on the kinked demand curve theory of oligopoly plus revision notes on the basics of an oligopoly
Students should be able to:
- Understand the characteristics of this market structure with particular reference to the interdependence of firms
- Explain the behaviour of firms in this market structure
- Explain reasons for collusive and non-collusive behaviour
- Evaluate the reasons why firms may wish to pursue both overt and tacit collusion
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