kõrgema hinna korral ja suhteliselt mitteelastne turuhinnast madalama hinna korral, siis: Hinna tõus suurendab firma kogukulu ja hinna alandamine vähendab tema kogutulu Nii hinna tõus kui alanemine vähendab firma kogutulu Nii hinna tõus kui alanemine suurendab firma kogutulu Hinna alanemine suurendab firma kogutulu ja hinna tõus vähendab firma kogutulu 20. Kui kaks oligopolist konkurenti saavad vältida suurt kahjumit, alandades hinda 60-lt 56-le , siis vastavalt mänguteooria mudelile: Alandavad mõlemad hinda Ei alanda kumbki hinda Kehtestab üks hinnaks 60, teine 56 Lepivad nad kokku selles, mis on parim lkahendus mõlema firma jaoks
and to compete more vigorously on price and product quality. Oligopoly Characteristics: A "few sellers" who recognize their interdependence Products may be homogeneous or differentiated Significant barriers to entry exist Explanations of oligopoly behavior require knowledge of competitors' behavior Kinked Demand Model · An oligopolist whose price and output choice is dependent on competitors' behavior. · Firms tend to have capacity to increase output · Consumers see goods as substitutes · Two service stations at an off-ramp Dominant Firm Model In some markets there is a single firm that controls a dominant share of the market and a group of smaller firms. The dominant firm sets prices which are simply taken by the smaller firms in determining their
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