AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.5.5 Oligopoly: Part 1
A-level only
Everything you need for questions on oligopoly (part 1: characteristics, collusion, game theory and competition), in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Characteristics
- Collude or compete?
- Game theory: the pricing game
- Competition in oligopoly
- Classic question: will firms in an oligopoly collude?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Play against a rival
- Will the cartel hold?
- How concentrated is the market?
- Oligopoly trainer
- Few firms, big questions
- Build the chain
- Exam practice
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