MIT 14.01 Principles of Microeconomics, Fall 2023 Instructor: Prof. Jonathan Gruber
View the complete course: ocw.mit.edu/courses/14-01-principles-of-microeconomics-spring-2023/
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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
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