Oligopoly: Strategic Interaction
Students will examine the characteristics of oligopolies, focusing on interdependence and strategic behavior among a few dominant firms.
Key Questions
- Explain why firms in an oligopoly are highly interdependent.
- Analyze how game theory can model strategic decisions in an oligopoly.
- Predict the outcomes of price wars versus collusion in an oligopolistic market.
Ontario Curriculum Expectations
Suggested Methodologies
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