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ADB: An abbreviation that stands for either the African Development Bank the Asian Development Bank. The African Development Bank is a regional multilateral development institution engaged in promoting the economic development and social progress of its member countries in Africa. The Bank, established in 1964, started functioning in 1966 with its Headquarters in Abidjan, Cote d' lvoire. The Bank borrows funds from the international money and capital markets. Its shareholders are the 53 countries in Africa as well as 24 countries in the Americas, Europe, and Asia. The Asian Development Bank is a multilateral development finance institution dedicated to reducing poverty in Asia and the Pacific that engages in mostly public sector lending for development purposes in its developing member countries. They pursue this goal by helping to improve the quality of people's lives providing loans and technical assistance for a broad range of development activities. ADB raises fund through bond issues on the world's capital markets but they also rely on members' contributions. The ADB was established in 1966 and has its headquarters in Manila, Philippines. As of September of 2003, the ADB had 58 member countries.

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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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    ALLOCATION

    The process of distributing resources for the production of goods and services, and of distributing goods and services for the satisfaction of wants and needs and human consumption. This allocation process is an essential part of an economy's effort to address the problem of scarcity.

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    Today, you are likely to spend a great deal of time at a garage sale seeking to buy either a coffee cup commemorating yesterday or a replacement remote control for your television. Be on the lookout for rusty deck screws.
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