F2· Preview
Market Structure and Competition — Market Structures
Game theory explains why oligopolists behave the way they do. The Prisoner's Dilemma shows why firms compete even when cooperation would benefit everyone, Nash equilibrium predicts stable pricing strategies, and real price wars (airlines, telcos) destroy industry profitability. OPEC demonstrates how cartels maintain output discipline. This module teaches you to recognize oligopoly dynamics so you can anticipate a competitor's response before it happens — and position ahead of the market's reaction.
⏱ 18 minModule F2.6
// What you'll learn
- Game theory explains why oligopolists behave the way they do.
- The Prisoner's Dilemma shows why firms compete even when cooperation would benefit everyone, Nash equilibrium predicts stable pricing strategies, and real price wars (airlines, telcos) destroy industry profitability.
- OPEC demonstrates how cartels maintain output discipline.
- This module teaches you to recognize oligopoly dynamics so you can anticipate a competitor's response before it happens — and position ahead of the market's reaction.
// Full access
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