Important Note: In fall 2024, the course instructor becomes Deng Shanglv
Lecture MOC:
Final Exam Prepare
T5 Oligopoly
There are 2 firms, each firm produces homogeneous products, and share the same .
The key points here is that each firm sets the price simultaneously, the influence here is that the firm who sets the lowest price would share the whole market, finally, all firms would set the price to .