Oligopoly (HL only)
This lesson focuses on the market structure of oligopoly and the characteristics that this market structure possesses. An effective way to teach this topic is to focus on a local business such as local petrol stations or supermarkets which may be a good example of a non-competitive oligopoly. Non-collusive oligopolies and the kinked demand curve are no longer part of the new syllabus but the oligopoly market...