Mr HounselEconomics

a) Characteristics of oligopoly

b) Calculation of n-firm concentration ratios and their significance

​c) Reasons for collusive and non-collusive behaviour

d) Overt and tacit collusion; cartels and price leadership

e) Simple game theory: the prisoner's dilemma in a simple two firm/two outcome model

f) Types of price competition:
o price wars
o predatory pricing
o limit pricing

g) Types of non-price competition

Y2 23) Oligopoly - Kinked Demand Curve
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Concentration Ratio Explained
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Assess the impact of Tesco's using price promotions to compete for consumers and the firm. (15 marks)

Tesco Clubcard. The Power to Lower Prices

Watch the revision webinar to consolidate your knowledge on price & non-price competition.

Price and Non-Price Competition in Oligopoly I A Level and IB Economics

E-books price fixing claims

Oligopoly - Collusion and Cartels | Economics Revision
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Golden Balls - £100,000: Complete End Round Pt2 (14/03/08)

Y2 24) Oligopoly - Game Theory
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