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\nUnderstanding Oligopoly Markets: Competition, Interdependence, and Collusion\n

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\nThe video discusses the concept of oligopoly within economics. The video provides examples of oligopoly markets in the UK such as supermarkets, banking, mobile phone networks, and energy. The video explains why firms in oligopolies do...\nThe video discusses the concept of oligopoly within economics. The video provides examples of oligopoly markets in the UK such as supermarkets, banking, mobile phone networks, and energy. The video explains why firms in oligopolies do not engage in price wars and may collude to achieve mutually beneficial outcomes. The kinked demand curve is also discussed as a way to illustrate why undercutting rival firms does not work within an industry.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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5:16
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, demand curve, terms, industry, interdependency, revenue, prices, work
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Additional Tags

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a-level, snapshots, summary, micro, slide, 16, oligopoly, small number, high level, product offerings, paper trail, price wars, price competition, price terms, price, firms, significantly, increase, talk, talking, undercutting, point, lead, strategy, competing, achieve, examples, oligopolies, industries
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding Oligopoly Markets: Competition, Interdependence, and Collusion\" href=\"/subscription/new\">\"Understanding\n\n
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