Oligopoly Diagram Tutor2u. An industry which is dominated by a few firms. All students preparing for mock exams other assessments and the summer exams for a level economics.
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Understand the characteristics of this market structure with particular reference to the interdependence of firms explain the behaviour of firms in this market structure explain reasons for collusive and non collusive behaviour evaluate the. The main features of oligopoly. This short revision video takes students through the kinked demand curve model of oligopoly and also looks at examples of non price competition in markets wh.
Thus a change in mc may not change the market price.
There are different diagrams that you can use to explain 0ligopoly markets. 36 videos downloads and activities. Kinked demand curve diagram. It is important to bear in mind there are different possible ways that firms in oligopoly can behave.
