...2 Contents Lecture Introduction Lecture Two Sides of a Market Lecture Competitive Market Lecture Monopoly 11 Lecture Basis of Game Theory 20 Lecture Duopoly and Oligopoly... model of industrial organization analysis: (FS Ch1) Structuralist: The inclusion of conduct variables is not essential to the development of an operational theory of industrial organization a priori... Reservation Price, and Demand Function In many applications the product is indivisible and every consumer needs at most one unit Reservation price: the value of one unit to a consumer If we rank consumers