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http://hdl.handle.net/11718/6752| Title: | Theory of Oligopoly |
| Authors: | Oza, A. N. |
| Keywords: | Economics |
| Issue Date: | 2-Aug-2010 |
| Abstract: | This note elaborates the characteristics of oligopoly as a very complex type of market structure. In the real world, most large-scale manufacturing industries are oligopolistic. The essential characteristic of oligopoly -- namely, the indeterminateness of individual cannot be explained through a single model. Depending upon their specific assumptions, economists have provided many different models of oligopoly. This note discusses eight important theoretical models of non-collusive and collusive oligopoly. The managerial theories of the firm are applicable to situations of oligopoly. |
| URI: | http://hdl.handle.net/11718/6752 |
| Appears in Collections: | Cases and Notes |
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