Ch13
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Chapter 13 Price and Output Determination: Oligopoly
©2002 South-Western
1
Figure 13.1 Lysine Manufacturers Who Pled Guilty to Price Fixing
Source: Wall Street Journal, 9 July 1998.
Chapter 13 OLIGOPOLY ©2002 South-Western
PRICE AND OUTPUT DETERMINATION:
2
Figure 13.2 Price-Output Determination for a Two-Firm Cartel
Chapter 13 OLIGOPOLY ©2002 South-Western
PRICE AND OUTPUT DETERMINATION:
3
Figure 13.4a Crude Oil Prices and Share of Expenditure in U.S. GDP
Chapter 13 OLIGOPOLY ©2002 South-Western
PRICE AND OUTPUT DETERMINATION:
4
Figure 13.4b Crude Oil Prices and Share of Expenditure in U.S. GDP
Chapter 13 OLIGOPOLY ©2002 South-Western
PRICE AND OUTPUT DETERMINATION:
5
Figure 13.5
Chapter 13 OLIGOPOLY ©2002 South-Western
Dominant Price Leadership
PRICE AND OUTPUT DETERMINATION:
6
Figure 13.6 Model
Chapter 13 OLIGOPOLY ©2002 South-Western
The Kinked Demand Curve
PRICE AND OUTPUT DETERMINATION:
7
©2002 South-Western
1
Figure 13.1 Lysine Manufacturers Who Pled Guilty to Price Fixing
Source: Wall Street Journal, 9 July 1998.
Chapter 13 OLIGOPOLY ©2002 South-Western
PRICE AND OUTPUT DETERMINATION:
2
Figure 13.2 Price-Output Determination for a Two-Firm Cartel
Chapter 13 OLIGOPOLY ©2002 South-Western
PRICE AND OUTPUT DETERMINATION:
3
Figure 13.4a Crude Oil Prices and Share of Expenditure in U.S. GDP
Chapter 13 OLIGOPOLY ©2002 South-Western
PRICE AND OUTPUT DETERMINATION:
4
Figure 13.4b Crude Oil Prices and Share of Expenditure in U.S. GDP
Chapter 13 OLIGOPOLY ©2002 South-Western
PRICE AND OUTPUT DETERMINATION:
5
Figure 13.5
Chapter 13 OLIGOPOLY ©2002 South-Western
Dominant Price Leadership
PRICE AND OUTPUT DETERMINATION:
6
Figure 13.6 Model
Chapter 13 OLIGOPOLY ©2002 South-Western
The Kinked Demand Curve
PRICE AND OUTPUT DETERMINATION:
7
