Asked by Regan Mc Mullan on Jun 01, 2024
Verified
List the three main models of oligopoly pricing and output.
Oligopoly Pricing
A pricing strategy used by firms in an oligopoly, where a few firms dominate the market, influencing prices through their actions and reactions.
- Distinguish between the various models of oligopoly pricing and output.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
There are three distinct pricing models in oligopoly: (1)the kinked-demand curve, (2)collusive pricing, and (3)price leadership.
Learning Objectives
- Distinguish between the various models of oligopoly pricing and output.