Lec 13: Oligopoly I

MIT 14.01 Principles of Microeconomics, Fall 2023 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F23 YouTube Playlist:    • MIT 14.01 Principles of Microeconomics, Fa...   In this lecture, Prof. Gruber introduces the idea of oligopoly, where a small number of companies have significant control over the market and can influence prices, like the auto industry. Other topics covered include game theory and the Cournot model. Keywords: oligopoly, game theory, Cournot model, market structure, cooperation, cartel, competition License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.