Professional Documents
Culture Documents
DETERMINATION
UNDER OLIGOPOLY
GUIDED BY
RAJNI MAM
PRESENTED BY
KAJAL AHUJA
Oligopoly is said to
prevail when there are
few firms or sellers in the
market
producing
or
selling
a
product.
It is also referred as,
Competition among the
few.
Characteristics of oligopoly
1.
2.
3.
4.
5.
Classification Of Oligopoly
1.Perfect
and Imperfect
oligopoly
2.Open and Closed oligopoly
3.Partial and Full OligopolyDominant and no dominant firm
4.Collusive and Non collusive
oligopoly
Collusive Oligopoly:
Cooperative model
1. Joint
Cartel
as
MCa/MCb:
MCa/MCb:
ACa/ACb:
ACa/ACb:
2
2 Firms,
Firms, A
A and
and B
B
Marginal
Marginal cost
cost of
of firm
firm A
A and
and firm
firm B.
B.
Average
Average cost
cost of
of firm
firm A
A and
and firm
firm B.
B.
MR:
MR: Marginal
Marginal Revenue
Revenue
DD:
DD: Demand
Demand curve
curve
MC:
MC: MCa
MCa +
+ MCb
MCb
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