Topic 11 Oligopoly Flashcards
1
Q
normal-form game
A
model of social interactions to analyse interactions of individual agents (trade-offs etc)
2
Q
bertrand model
A
firms can obey the plan and have same prices or go lower attract customers
3
Q
cartel
A
OPEC
contract to restrict production, legal
4
Q
cournot model
A
n/a
