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IB Economics HL 2.11.5 Hl Oligopoly Questions

Practise IB Economics HL 2.11.5 by analysing concentration, strategic interdependence, collusion, game theory, price rigidity and non-price competition with marked exam evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • Explain concentration ratios and strategic interdependence as defining features of oligopolistic markets.
  • Analyse strategic choices with payoff matrices, game theory and incentives to compete, collude or cheat.
  • Explain collusion and cartel stability, including incentives to defect and conditions affecting enforcement.
  • Analyse price rigidity or stability, non-price competition and price discrimination in oligopoly.

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