We revisit the classic discussion comparing price and quantity competition, but in a mixed oligopoly in which one state-owned public firm competes against private firms. It has been shown that in a ...

Bertrand's model of oligopoly, which gives perfectly competitive outcomes, assumes that: (1) there is competition over prices and (2) production follows the realization of demand. We show that both of ...

In a duopoly, two companies own all or nearly all of the market for a given product or service. A duopoly is the most basic form of an oligopoly.