Oligopoly

Need to Know

At the end of this section the student should be able to:
• Give examples of OY markets in Ireland
• Outline the features of an OY
Explain why firms in OY do not always looks to maximise profits
• Explain the shape of the kinked demand curve
• Explain the concept of price rigidity
• Graph and explain the equilibrium of and OY
• Explain collusion and give examples of forms collusion in OY markets
Explain why consumers prefer price competition to non-price competition
Explain the potential benefits of non-price competition






Resources

Videos

Kinked Demand Curve - Youtube
Oligopoly Explained
Collusion Explained
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