ECON3172 — Strat Interaction & Mkt Strct
Firms must interact strategically in all market settings except perfect competition and pure monopoly. The course begins with imperfect markets for simple commodities and a consideration of substitutes and complements. More advanced models are then presented which develop topics such as quality differentiation, entry deterrence, collusion, mergers along the supply chain, various types of price discrimination, and natural monopoly. Emphasis is on the relative efficiency of different market structures, with some consideration of options for government regulation. prereq: 1101 (or 1111)