Tag: market-power

2 pages tagged market-power.

Pages

Chapter 21: Oligopolies and Imperfectly Competitive Markets — Economics 101

Most industries you actually interact with are oligopolies — a handful of large firms whose decisions are interdependent. Why that matters, how regulators measure it, and what it costs consumers.
Chapter 22: Collusion and Cartels — Economics 101

Why oligopolists are tempted to coordinate prices, why coordination is illegal in the US, and why cartels — even OPEC — always teeter between cooperation and cheating.