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Match each oligopoly term

Exercise and reference answers

Matching pairs
  1. Left
    Cartel
    Right
    Formal deal to act as a monopoly
  2. Left
    Duopoly
    Right
    An oligopoly of just two firms
  3. Left
    Kinked demand
    Right
    Cuts matched, rises are not
  4. Left
    Prisoner dilemma
    Right
    Cooperating beats self-interest
  5. Left
    Differentiated
    Right
    A product distinctive from rivals
Instructions
Tap a term on the left, then tap its meaning on the right.

Explanation

_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 10 'Monopolistic Competition and Oligopoly', sections 10.1-10.2_
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