Oligopoly and Game Theory
Analyzing markets dominated by a few firms and using game theory to understand their strategic interactions.
Key Questions
- Explain the characteristics that define an oligopoly.
- Analyze how firms in an oligopoly might engage in collusion or competition.
- Apply basic game theory concepts (e.g., Prisoner's Dilemma) to oligopoly behavior.
Common Core State Standards
Suggested Methodologies
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