(Answered) We learned about oligopoly in ch 10 a special case of

Economics

We learned about oligopoly in Ch 10. A special case of oligopoly is a market with only two major producers - a duopoly. Increasingly our political system (and even that of some EU countries) is described as a duopoly. Scan the articles and

1. Summarize how a political oligopoly is similar in structure, behavior and outcomes to a market oligopoly. Be sure to make clear (cited) references to the articles.

2. Does the comparison seem justified to you? Do you think it is a problem, or not? Why?

3. What could possibly be done to improve the situation?

The Results of Political Oligopoly (very brief w/ an interesting quote from John Adams)

http://whigblog.blogspot.com/2008/07/results-of-political-oligopoly.html

Ending the Presidential Debate Duopoly

http://www.govexec.com/oversight/on-politics/2015/05/ending-presidential-debate-duopoly/112249/

Political Oligopolies - Brit view

http://interactivedemocracy.blogspot.com/2012/05/political-oligopolies.html

Extra...with a disturbing photo....

Death of the Duopoly

http://online.wsj.com/article/SB10001424052702303848104576385922449922958.html

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Microeconomics, Economics

Category:- Microeconomics
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