1. OPEC IS AN EXAMPLE OF CARTEL 2. WHAT IS CARTEL A Cartel is formal “agreement’’ among competing firms  It is a…

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Oligopoly The challenge of analyzing interdependent strategic decisions Objectives The learner will be able to: Define an oligopoly and identify the unique characteristics…

MANAGERIAL ECONOMICS An Analysis of Business Issues Howard Davies and Pun-Lee Lam Published by FT Prentice Hall Chapter 13: Game Theory and Its Application in Managerial…

OLIGOPOLY OLIGOPOLY OLIGOPOLY -a market structure in which only a few sellers offer similar or identical products. Examples of Oligopolistic Market Automobile Industry Oil…

1. ©The McGraw-Hill Companies, Imperfect competition 2. 2 ©The McGraw-Hill Companies, Most markets fall between the two extremes of monopoly and perfect competition •…

INTRODUCTION: WHY IS PORT PRICING AN ISSUE IN MARITIME ECONOMICS COMPETITION, EXCESS CAPACITY, AND THE PRICING OF PORT INFRASTRUCTURE H.E. Haralambides Center for Maritime…

Slide 1 © The McGraw-Hill Companies, 2005 Chapter 9 Market structure and imperfect competition David Begg, Stanley Fischer and Rudiger Dornbusch, Economics, 8th Edition,…

Slide 1 Chapter 9 Market structure and imperfect competition David Begg, Stanley Fischer and Rudiger Dornbusch, Economics, 7th Edition, McGraw-Hill, 2003 Power Point presentation…

Slide 1 Oligopoly The challenge of analyzing interdependent strategic decisions Slide 2 Objectives The learner will be able to: 1. Define an oligopoly and identify the unique…