The Term “Oligopoly” has been derived from two Greek words. ‘Oligi’ which means few and ‘Polien’ means sellers. Thus Oligopoly is an abridged version of monopolistic…

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1. Chapter 12Oligopoly 2. Lecture Plan • • • • • • • • •Introduction Features of Oligopoly Duopoly Cournot’s Model Stackelberg’s Model Kinked Demand…