A-7.1 List and explain the characteristics of oligopoly form of
market. Use examples.

A-7.2 Outline the various factors which contribute to make an
oligopoly a concentrated and interdependent market.

A-7.3 Use the kinked demand curve to establish price inflexibility
in oligopoly type markets.

A-7.4 Outline how a collusive oligopoly acts. Give examples.
Discuss obstacles to its continuing existence.

A-7.5 Present various forms of tacit collusion in oligopoly type
markets.

A-7.6 Give reasons why oligopoly is the least desirable form of
market. Present arguments in favor of oligopolies.