ECO 202
Module 11 - Course Objectives

Oligopoly 
 

16.1  Describe and identify oligopoly and explain how it arises.

16.2  Explain the range of possible price and quantity outcomes and describe the dilemma faced by firms in oligopoly.

16.3  Use game theory to explain how price and quantity are determined in oligopoly.

Assessment  Method

A.  Do the Self-Test questions in your Study Guide as if they were real exam questions, which means do them without looking at the answers. 

B.  You will learn the most from right answers you had to struggle for, and from your wrong answers and mistakes.  Only after you have attempted all the questions should you look at the answers in your Study Guide. 

C.  When you check your answers, be sure to understand where you went wrong and why the right answer is correct.

Take Self-Test 16.1, Self-Test 16.2, and Self-Test 16.3 in your Study Guide before taking Exam #3.