DEG Makes it simple | with Margarida Catalão
Business decisions in imperfectly competitive markets have social impact. In the case of oligopolies, where a few companies control the market, the decision-makers of each of these companies have to consider the behaviors and reactions of the other companies. In this pdf, Professor Margarida Catalão explains what the "Industrial Organization" is about and how it uses game theory to model and predict strategic interaction.