My first time watching this guy and a minute into the video I was convinced to subscribe, great ability to explain, you exactly the person I've been looking for
6:42 - - one point for evaluation that you’ve not mentioned is that an oligopoly firm that knows its competitors are less liquid than it may choose to supply at a lower price, forgoing TR in the short run because they know it’ll erode their competitors’ abilities to be at all profitable, putting them in the position of having to either choose to lose the profits of their shareholders or to maintain their price, elbowing them out of the market.
Thank you so much!! You explained this so clearly! And I really appreciate that you took the effort to record another video on the "vertical gap" for this topic :)
5:25 when the quantity demanded is less than the drop in price 4:35 when the rise in price is more than the quantity demanded and it falls 7:25 MC and AC curve in the case of profit making oligopoly
Would non price comp, be loyalty cards with points you earn etc which allows consumers to get potential discounts in the furture allowing the firm to have a big market share
great explanation, you're the best! what i can't wrap my head around is, how come P has become the oligopolistic price in the first place? is it insinuated anywhere in the model? thank you
With reference to Oligopoly Kinked Demand Curve: If Equilibrium occurs where MC Curve passes through discontinued part of of MR Curve and this Equilibrium will sustain as long as MC Curves while going up or down passes through this gap.Question is that if Price is constant then logically AR and MR would also be constant then how is the Equilibrium occurring at a range of MR Values?
If Price is constant then so would b AR and MR .Firms in Oligopoly can have different MC Curves and would try to produce at output where THEIR MC Curve is closest to constant MR but exact equation of MC and MR is less likely?
I am so confused. Is the folding bike market in the UK an oligopoly then because the leader is Brompton and because of its brand loyalty? But they are independent from each other aren’t they? How about the anti-dumping tariff, because that’s a government action then would it just be a monopolistic market with tariff??? Or is it a niche market in a monopolistic market?
Hi Sir, In the exam if question requires on kinked demand curve ,Do we have to explain the price increase and decrease (4:39 ) with the diagram? Thanks.
This channel is single-handedly saving my economics mark. He's just so good at explaining things
What did u get
@@abdirahmanmumin h
Must be difficult to go through life being this intelligent
i wish i was
Not being inteligent, how does it feel for you? 🙄 It is easier? 🙄 😲 😄
Lol
Hahaha
Not being intelligent I feel so boring in my life ^_^
Literally the most helpful economics channel I've come across.
bros got a few "marks" on his neck. A hero on and off the field of economics
🤣🤣🤣🤣
This dude came to my school in Dubai. How he held the attention of 150 sixth formers for about 6 hours per day is beyond me.
what school are you from. I went to kings dubai about 9 years ago
which school?
@@SussyBaka52607 holy shit me too
Professors in my mba don’t even come close to explaining economics like this guy.
Thankyou for existing 🙏🏼
This guy is a phenomenon thank you so much for such a great explanation!!
Crystal clear explanation. This shows his knowledge of the subject.
My first time watching this guy and a minute into the video I was convinced to subscribe, great ability to explain, you exactly the person I've been looking for
your videos are life changing bc you make econs sound so much simpler,,,, thank you!!!
I hope uni lectures are like this
they are not
@@nextplease3264 what are they like?
Used this in ib and my uni lecturer told us to watch this... really came full circle
not even close. Uni profs do they bare minimum. That's why I'm here 2 hours before my econ final lol
6:42 - - one point for evaluation that you’ve not mentioned is that an oligopoly firm that knows its competitors are less liquid than it may choose to supply at a lower price, forgoing TR in the short run because they know it’ll erode their competitors’ abilities to be at all profitable, putting them in the position of having to either choose to lose the profits of their shareholders or to maintain their price, elbowing them out of the market.
Great point
This is just predatory pricing and a price war no?
I love how he says i.e - ieeeeeee
5:05 perfect explanation of the shape of the kinked demand curve thank you dal
lot of people in my class failed the paper 1 question we got on kinked demand curve.. hopefully they find this video cause its amazing!
very helpful for student having difficulties in online classes
i wish i had found this channel in the start of the sem , now i got end sems in 1 week still really helpfull
Thank you! Great explaination. This makes me understand better the price war bet Russia and SA and how oil sector behaves currently with this pandemic
Woah! Such articulate and clear explanation :)
THANK YOU, for this detailed explanation
Thank you so much!! You explained this so clearly! And I really appreciate that you took the effort to record another video on the "vertical gap" for this topic :)
Today I'm having my seminar on oligopoly ..This is how I'm gonna do my seminar as shown in this video ..
Thank you for this wonderful explanation : )
Sir your representation is very good 👏
By far the best lecturer...tanx bro, you make life easy.
such a clear and great explanation. Thanks you so much!
Simple and systematic. Very eager to watch game theory video.
clarity in thinking & clear idea about the subject ✓
Very nice video..This is VERY HELPFUL for me for clearing my doubt... Thank you ☺️☺️ want more videos like this conceptual clearance video...
5:25 when the quantity demanded is less than the drop in price
4:35 when the rise in price is more than the quantity demanded and it falls
7:25 MC and AC curve in the case of profit making oligopoly
nice one Dal, bet you're fun at parties
Studying for a CFA. Whenever I see your face on the thumbnail, I click, knowing that I will have gained a bit more knowledge after watching :)
You save me, for my future CFA exam, thank you so so so much 😘😘😘
i wish there are channels as helpful as this one for my other subjects..
Well, if you study A-Level Media, there's always the Media Insider to turn to.
Excellent explanation. THANK YOU SO MUCH
I wish my beaver-looking teacher had even half the teaching skills you have.
This explanation is way better than my textbook
Very well put. It helped me greatly with my assignment :)
Best video ive seen
I actually love EconplusDal
I love this guy he’s so helpful
You are way better than my Economic's lecture
very interesting and informative
Excellent explanation. 👌
Thanks sir your explanation is outstanding. loves from India
such a great teacher and communicator
Ohh so the kinked demand curve is used to explain the sticky prices of the oligopolist market structure
What a helpful video. Thank you so much!
go go power rangers
this is coming up tomorrow, i feel it.
Thank you for this great explanation 🙏🙌
Great explanation! Thanks alot!
Sir it is so helpful to understand it technically...God bless u
Would non price comp, be loyalty cards with points you earn etc which allows consumers to get potential discounts in the furture allowing the firm to have a big market share
Great Explanation !!!
Very informative sir
very great video professor! thanks from france
Thanks ❤ dude... Wonderful ✨😍 work
Dude, you're awesome! Thanks!
very well explained sir...
thank you very much for this
you have saved my life
i am confucianism
Well explained 👌👌👌👌👌
so good! learnt so much, thank you!
Thank you sir....helped me alot with my exams
I used this on the 25 marker today about collusion, but apparently it's not on the edexcel spec, would I still get marks for it ?
Great way of teaching
fantastic video! Thank you
This is just so good
Great explanation.
Very nice Analysis
YOU ARE SO AMAZING
great explanation!
U saved my life 😍🌹❤️🌹❤️
you're the best thank u so much
great explanation, you're the best! what i can't wrap my head around is, how come P has become the oligopolistic price in the first place? is it insinuated anywhere in the model? thank you
GOAT
I love you, thank you
thx sooooo much😭! it really helps a lot
I literally love u
With reference to Oligopoly Kinked Demand Curve:
If Equilibrium occurs where MC Curve passes through discontinued part of of MR Curve and this Equilibrium will sustain as long as MC Curves while going up or down passes through this gap.Question is that if Price is constant then logically AR and MR would also be constant then how is the Equilibrium occurring at a range of MR Values?
Could you explain briefly, why an oligopolistic firm has no supply curve with an appropriate graph?
Reason for price stability in Oligopoly market
Many thanks.
thank you sir :)
Is game theory still on the aqa a level spec, I thought it wasnt
I dont think it is but it helps understanding of oligopolies
COMMON DAL W
🙏 em ardam kale
Thanks👊
Thanks much more understandable
great!
If Price is constant then so would b AR and MR .Firms in Oligopoly can have different MC Curves and would try to produce at output where THEIR MC Curve is closest to constant MR but exact equation of MC and MR is less likely?
thanks bro .
shoutout to the West Bridgford sixth form gang, I seeeeeeeeeeeeeeeeeees yah
sir i follow your class from Bangladesh and it is helps me
Thankyouuu ♥️
how would lowering barriers to entry effect the demand curve?
would cause an expansion along the demand curve as prices tend to drop when there is increased competition
Very helpful
I am so confused. Is the folding bike market in the UK an oligopoly then because the leader is Brompton and because of its brand loyalty? But they are independent from each other aren’t they? How about the anti-dumping tariff, because that’s a government action then would it just be a monopolistic market with tariff??? Or is it a niche market in a monopolistic market?
Sir do you have a channel for quiz of this topic
Hi Sir,
In the exam if question requires on kinked demand curve ,Do we have to explain the price increase and decrease (4:39 ) with the diagram?
Thanks.