Please enable JavaScript.
Coggle requires JavaScript to display documents.
07 Market Structures (Oligopoly (For Price rigidity (Kinked demand curve,…
07 Market Structures
Oligopoly
For Price rigidity
Kinked demand curve
Eg. Movie ticket prices
Drastic change in demand
Cheating
Eg. Taxi fares: Comfort Delgro
For colluding
Joint Profit Maximisation
Game Theory + table (box 4)
Eg. Organisation of Petroleum Exporting Countries (OPEC)
Cartel + diagram
Different COPs
when there is huge difference in COP
Incentive to cheat
Game Theory + table (box 2)
Monopoly
For LR abnormal π
EOS (diagram)
Natural Monopoly
Legal Barriers
License
S'pore telecomm industry
before 1997
Monopolistic
Competition
For comparing with PC
Price Discrimination
For conditions
Separate market
Different PED
Market power
Perfect
Competition