What are the incentives for firms in an oligopoly to collude or work together? Explain a past case on price collusion.

If a market structure is an oligopoly, do Lexus, Cadillac, and Lincoln engage in sticky pricing? Who is the market leader?

Outline the characteristics of an oligopoly and explain why firms in this particular market structure face a choice between competition and collusion.

Explain the implication of a nonprice competition in an Oligopoly market?

OPEC is a petroleum cartel, a group of oil producing countries whose objective is to coordinate and unify petroleum policies. What type of market structure is a cartel?

What is mutual interdependence important under oligopoly,but not so important under perfect competition,monopoly,or monopolistic competition?

How are the implications of the kinked demand curve in an oligopoly market best illustrsted and explained

What are the main features of a oligopoly market structure. Explain in detail with explanation of features too.

The diagram below shows the demand, marginal revenue, and marginal cost of a monopolist. 120 110- 100- 90- A 80- 70 60- 50- 40- 30- 20 10 O @_ 0 1 2 3 16 4 Profit-maximizing output: Profit-maximizing price: $ 5 7 units MR 6 MC T 7 8 a. What price and output would prevail if this firm's product was sold by price-taking firms in a perfectly competitive market? 9 Quantity D T 10 11 (11, 0) 14 15 b. Determine the profit-maximizing output and price for the monoplist. Price: $ 68 Output: 5 units c. Calculate the deadweight loss of this monopoly.

Discuss the possible deviations from perfect competition and then focus on oligopolies. How can cartels coordinate to affect markets? What affects antitrust enforcers’ ability to detect cartels? Discuss with reference to one or more examples.