Google
Monday 
May 19, 2025 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
AFL: The abbreviation for the American Federation of Labor, which started as a collection of craft unions in 1886, this is now one half of the umbrella organization for labor unions in the United States (the AFL part of AFL-CIO). As a collection of craft unions, the AFL primarily represented skilled workers in particular occupations. However, it also contained unions representing unskilled industrial workers, which led to a rift among AFL members in 1938 and spawned the formation of the Congress of Industrial Organizations (CIO). This rift was closed in 1955, when both joined together to form the AFL-CIO, which is the primary advocate for workers and labor unions in the United States.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

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.

    BEGIN Lesson =>


    <=PREVIOUS Lesson | NEXT Lesson =>

    ABSOLUTE ADVANTAGE

    The general ability to produce more goods or services using fewer resources. A person or country has an absolute advantage in production largely due to superior technology or greater technical efficiency. A related, but contrasting concept is comparative advantage. Both terms are perhaps most important to the study of international trade, but also provide insight into other exchanges.

    Complete Entry | Visit the WEB*pedia


    APLS

    BLUE PLACIDOLA
    [What's This?]

    Today, you are likely to spend a great deal of time searching for rummage sales seeking to buy either a computer that can play video games and burn DVDs or a black duffle bag with velcro closures. Be on the lookout for mail order catalogs with hidden messages.
    Your Complete Scope

    This isn't me! What am I?

    Cyrus McCormick not only invented the reaper for harvesting grain, he also invented the installment payment for selling his reaper.
    "Perhaps the most valuable result of all education is the ability to make yourself do the thing you have to do, when it ought to be done, whether you like it or not; it is the first lesson that ought to be learned; and however early a man's training begins, it is probably the last lesson that he learns thoroughly. "

    -- Thomas H. Huxley, Scientist

    PWAC
    Present Worth of Annual Costs
    A PEDestrian's Guide
    Xtra Credit
    Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

    User Feedback



    | AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
    | About Us | Terms of Use | Privacy Statement |

    Thanks for visiting AmosWEB
    Copyright ©2000-2025 AmosWEB*LLC
    Send comments or questions to: WebMaster