An oligopoly is a market structure in which only a few sellersproduce similar or identical products. Oligopolies are price setters andcan collude to behave like a monopoly. In this short paper, you willdemonstrate what you have learned about the pricing strategies andcharacteristics of oligopolistic companies.
Directions
Research the news for examples of an oligopolistic company. Using thetemplate provided in the What to Submit section, write a short paperanalyzing oligopolies and oligopolistic markets.
Specifically, address the following:
Introduction: Briefly describe the selected company, including what products or services they provide.
Pricing Strategies: Explain how oligopolistic companies determine their price. Refer to the Nash Equilibrium and game theory in your analysis.
Market Share: Explain how you determined that the company you researched is an oligopolistic company.
Use a pie chart or other graph to analyze the market share of thecompany and its competitors. See the Supporting Materials section belowfor help with snipping, copying, and pasting this visual into yourtemplate as Figure 1.
Identify the dominant firm in the oligopolistic market.
Conclusion: Describe how the characteristics of an oligopolistic market apply to the company you researched.