Oligopoly and Monopoly

This chapter begins by examining concentrated markets in Europe and then looks at various models of concentrated markets, including oligopoly and cartels, before examining the evidence on pricing in oligopoly and product differentiation. A section on game theory is followed by an examination of barriers to entry. There is also a discussion of the relationship between concentration and profitability and market share and profitability, and the chapter concludes by looking at innovation in this context.