oligopoly
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/4
There's no tags or description
Looks like no tags are added yet.
Last updated 11:36 AM on 2/25/25
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
5 Terms
1
New cards
examples of this market
petrol retail
airlines
2
New cards
assumptions of this market
similar but differentiated products
significant barriers to entry
non-price competition
interdependent decision making
3
New cards
non price competition methods, 4
better service
longer opening hours
discounts or upgrades
better relations with retailers
4
New cards
what diagram
kinked demand curve
5
New cards
what is the difference between tacit and overt collusion
overt collusion is open illeagal. cartels
tacit collusion is where a firm will observe another firms behaviour. non formal agreement.
Note 
Flashcards (24)