Monopolist - PowerPoint PPT Presentation

Introduction to oligopoly, a market structure between perfect competition and pure monopoly. In oligopoly, only a few sellers offer similar or identical products, leading to a balance between cooperation and self-interest. Characteristics of an oligopoly market include interdependence among firms an

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Examine the concept of excess capacity models in oligopoly behavior, where a monopolist may strategically deter entry by either building excess capacity or expanding current production facilities in response to potential entrants. Explore scenarios involving sunk costs, marginal costs, pricing strat

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Explore the application of extensive-form games in strategic decision-making, focusing on Subgame Perfection and Backward Induction. Understand the dynamics of entry games, such as the interplay between a potential entrant and a monopolist. Delve into the implications of commitment in game theory th

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Explore the concept of sequential games in game theory through an entry deterrence game involving an incumbent monopolist and a potential entrant. The game tree depicts various outcomes based on choices made by players, leading to discussions on Nash Equilibrium, credible commitments, and backward i

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Explore the concepts of monopoly and monopsony in economics, where a single seller or buyer influences market prices. Learn about monopolist profit maximization, pricing strategies, and the impact on market welfare.

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Explore the concepts of natural monopoly, perfect price discrimination, and examples of monopolies in various industries. Learn how a monopolist's pricing strategy can impact market dynamics and efficiency. Discover the implications of perfect price discrimination on surplus optimization and compare

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