Prof. Jonathan Gruber at MIT Open Courseware discusses impact of the oligopoly model on prices and availability of commodities. Oligopoly is a market with a small group of firms dominating the availability of commodities, with barriers to entry.
Oligopoly [Microeconomics Lecture 13]
Prof. Jonathan Gruber at MIT Open Courseware discusses impact of the oligopoly model on prices and availability of commodities. Oligopoly is a market with a small group of firms dominating the availability of commodities, with barriers to entry.
Posted on Mar 1, 2021