13 May Explain how oligopolistic companies determine their price.
Research the news for examples of an oligopolistic company. Using the template provided in the What to Submit section, write a short paper analyzing oligopolies and oligopolistic markets.
Specifically, address the following:
Introduction: Briefly describe the selected company, including what products or services they provide.
Pricing Strategies: Explain how oligopolistic companies determine their price. Refer to the Nash Equilibrium and game theory in your analysis.
Market Share: Explain how you determined that the company you researched is an oligopolistic company.
Use a pie chart or other graph to analyze the market share of the company and its competitors. See the Supporting Materials section below for help with snipping, copying, and pasting this visual into your template as Figure 1.
Identify the dominant firm in the oligopolistic market.
Conclusion: Describe how the characteristics of an oligopolistic market apply to the company you researched.
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