Distinguish between cooperative and non-cooperative oligopoly.

Price rigidity implies that the price is unresponsive to the changes in demand. Every firm in an oligopoly market is faced with a Kinked Demand Curve, the kink being at...

Non-price competition under oligopoly: When there are only a few firms they are normally afraid of competing with each other by lowering the price. It may start a price war...

Oligopoly is a form of market in which there are few big sellers of a commodity and a large number of buyers. Each seller has a significant share of the...

If in an oligopoly market, firms produce homogeneous products, it is called perfect oligopoly.

If in an oligopoly market, firms produce differentiated products, it is called imperfect oligopoly.

In oligopoly, there are only few firms. If they compete on the basis of price, there is likely to be price war and the firm may louse. So, the firm...

Non-Price Competition in Oligopoly-Under oligopoly firms tend to avoid price competition. Example: In India both Coke and Pepsi drinks sell at the same price. However, in order to enhance its...

(a) Inter-dependence between firms in an oligopoly market implies that an individual firm takes into consideration the likely reaction of its rival firms before making a move to change price...

When firms in oligopoly; produce homogenous products it is called perfect oligopoly, whereas when firms produce differentiated products it is called imperfect oligopoly. Detailed Answer: Perfect Oligopoly: If the firm produces homogeneous...

Collusive Oligopoly is one in which the firms cooperate with each other in deciding price and output. Whereas, Non-Collusive Oligopoly is one in which the firms compete with each other. The firms...