Oligopoly Behaviour

Oligopoly Behaviour - Compete or Collude? A vide covering Oligopoly Behaviour - Whether to Compete or Collude? Crucial video to understand oligopoly behaviour and competing or colluding is a good strategy

Instagram: @econplsudal

[mcrsheeranz]

You Sir, are the only reason i haven't ended my life before my econ exam tomorrow.

[bentaylor]

I finished a-levels 3 years ago but I thought I’d come back and watch a few videos because these were the sole reason I got a B in Economics. Great content! 👍

[hussainmuhammad]

i just love ur expalaination sir, have great respect for u, thanks alot

[amosrunanga]

Thank you sir. You make Microeconomics easy.

[gtaplayer]

I love how he tells us how to evaluate the two types of oligopoly

[amberbazanx]

I am extremely thankful for you. Thank you.

[pablojp]

Guys how does the type of good (e.g. homogenous) affect your ability to set prices (i.e. being a price taker or maker)?
Point number 4?

[reubensu]

@EconplusDal How can there be homogenous goods if one of the assumptions is differentiated goods? You made the point that homogenous goods is a factor promoting competition.

[andybearvlog]

Where were you before my exam??? My text book was Shit!!!

[vananhnguyen]

Sir, it seemed to be quite hard for me to understand why collusion can protect the market share when prices are set high? This confuses me with merger. Thank you

[KIRANP]

Which diagram would you draw when you evaluate competitive oligopolies?

[ob]

One of the factors promoting competitive oligopoly is one firm with significant cost advantage. Wouldn't this just lead to price leadership which is under collusive oligopoly? What's the difference between the two?

[angelogunther]

So, I have a question. By stating that a more "diffuse" or "less concentrated" oligopoly would opt not to collude due to the points you have suggested aren't you going against the main principle of what it means for there to be an oligopoly: A small number of large firms? I mean, is this assumption necessary to argue for when there would be competition within an oligopoly or could you also argue for firms competing within an oligopoly that only has a few number of firms?

Still a great video raising the key points :) thanks a lot

[punnu]

👏🏽 thankyou sir.. today am having exam

[원도훈-mw]

@econplusdal are u saying that are allocatively and productively efficient? But on the diagram they arent

[marniowen]

When evaluating the monopoly u said there may be diseconomies of scale as a con but as a pro you said there are economies of scale, which is correct ??

[MiaPerez-khyk]

But isn’t the fact that goods are homogenous actually one of the reasons that firms are more likely to collude and fix prices? If the goods or services are identical or very similar, their costs might therefore also be similar, which can make it easier for firms to coordinate and agree on a common price that benefits all of them.

And is the reason that homogenous goods will less likely lead to a collusive market, because they have no market power to fix prices or is it because it reduces the probability of cheating in a collusion since they have little or no brand loyalty? Because, do firms necessarily need market power in order to collude?, cus consumers can’t buy from another firm anyway, since they all have increased their price to the same price, so what do they need the market power for?

[NUTTY-nwed]

What regulation can be used to stop Collusion?

[invictusgaming]

I dont get how you can evaluate oligopoly with monopoly? wth! can someone explain please!!

[LiamSpector]

Who's here due to their economics exam today ?