Class mkt structures ii

Market Structures- Imperfect Competition

Monopolistic Competition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Characteristics ,[object Object],[object Object],[object Object],[object Object]

Monopolistic Competition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object]

Monopolistic Competition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Monopolistic Competition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Monopolistic Competition and Business Failure ,[object Object],[object Object],[object Object]

Contestable markets ,[object Object],[object Object],[object Object]

Oligopoly ,[object Object],[object Object],[object Object],[object Object],[object Object]

High entry barriers ,[object Object],[object Object],[object Object],[object Object],[object Object]

Oligopoly ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Collusions ,[object Object],[object Object]

Cartels ,[object Object],[object Object]

Profit-maximising cartel £ Q O Industry D  AR

Conditions for cartels ,[object Object],[object Object]

Problems of cartels ,[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object]

Barriers to collusion ,[object Object],[object Object],[object Object],[object Object],[object Object]

Dominant Price leadership ,[object Object],[object Object]

Barometric price leadership ,[object Object]

Price stickiness ,[object Object]

Kinked demand Curve ,[object Object]

The prisoners' dilemma Not confess Confess Not confess Confess Amanda's alternatives Nigel's alternatives A B C D Each gets 1 year Each gets 3 years Nigel gets 3 months Amanda gets 10 years Nigel gets 10 years Amanda gets 3 months

Profits for firms A and B at different prices X’s price Y’s price £10m each £8m each £12m for Y £5m for X £5m for Y £12m for X £2.00 £1.80 £2.00 £1.80 A B C D

Oligopoly ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Boeing decides A decision tree A 500 seater 500 seater 500 seater 400 seater 400 seater 400 seater Boeing –£10m Airbus –£10m (1) Boeing +£30m Airbus +£50m (2) Boeing +£50m Airbus +£30m (3) Boeing –£10m Airbus –£10m (4) Airbus decides B 2 Airbus decides B 1

Oligopoly ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Oligopoly ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Class mkt structures ii

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