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RECOVERY: A early expansionary phase of the business cycle shortly after a contraction has ended, but before a full-blown expansion begins. During a recovery, the unemployment rate remains relatively high, but it is beginning to fall. Real gross domestic product has begun to increase, usually rapidly. However, because the contraction remains fresh in the minds of many, it may not be immediately clear that the trough of the contraction has been reached.

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Lesson Contents
Unit 1: Intro
  • Definition
  • Market Structure Continuum
  • Real World Oligopoly
  • Structure And Behavior
  • Unit 1 Summary
  • Unit 2: Structure
  • Concentration
  • Concentration Ratios
  • Herfindahl Index
  • Entry Barriers
  • Unit 2 Summary
  • Unit 3: Behavior
  • Interdependence
  • Collusion
  • Merger
  • Unit 3 Summary
  • Unit 4: Analysis
  • Kinked-Demand Curve
  • Kinked-Demand Curve Analysis
  • Collusion Cost
  • Collusion Output
  • Game Theory
  • Unit 4 Summary
  • Unit 5: Evaluation
  • The Bad
  • The Good
  • Government Intervention?
  • Unit 5 Summary
  • Course Home
    Oligopoly

    • The first unit of this lesson, A Few Firms, begins this lesson with a look at the nature of oligopoly and how it is related to other market structures.
    • In the second unit, Structure, we see how markets with a small number of large firms are structured.
    • The third unit, Behavior, then looks at some of activities undertaken by oligopoly that are not seen in other market structures.
    • In the fourth unit, Some Graphs, we use a few graphs to examine different ways that oligopoly firms interact in the production of output.
    • The fifth and final unit, Taking Stock, then closes this lesson by considering the good and the bad of oligopoly and why it is often prone to government scrutiny.

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    DATA

    Observations or measurements that quantify or otherwise identify some aspect of the real world. Data are used to track economic performance, quantify economic characteristics, and test economic hypotheses. Data collection is often the most challenging part of undertaking an empirical analysis.

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    APLS

    RED AGGRESSERINE
    [What's This?]

    Today, you are likely to spend a great deal of time touring the new suburban shopping complex looking to buy either a blue mechanical pencil or super soft, super cuddly, stuffed animals. Be on the lookout for strangers with large satchels of used undergarments.
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    A communal society, a prime component of Karl Marx's communist philosophy, was advocated by the Greek philosophy Plato.
    "A pint of sweat saves a gallon of blood. "

    -- General George Patton

    CUUS
    Comsumer Union of the United States
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