Micro 4.5 - Oligopoly and Game Theory: What you need to know for the exam!

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  • Опубликовано: 26 авг 2024

Комментарии • 33

  • @EthanDBG
    @EthanDBG Год назад +17

    I got the flu and missed 5 days of school in a row, the entirety of our Oligopoly unit. I learned everything I needed for our test from this 12 min video, you did a fantastic job of explaining it clearly and efficiently. Thanks!

    • @ReviewEcon
      @ReviewEcon  Год назад +2

      You're welcome! Good luck with that test!

  • @trishabrown-zr7ik
    @trishabrown-zr7ik 3 месяца назад +1

    literally cannot thank you enough for that double nash equilibrium example

  • @justiniansu4642
    @justiniansu4642 2 года назад +4

    This is very straightforward. Thank you!

  • @parker4047
    @parker4047 5 месяцев назад +4

    Best Econ video ever

    • @ReviewEcon
      @ReviewEcon  5 месяцев назад

      Thank you! Good luck on your exams!

  • @ThomasBeacom
    @ThomasBeacom 3 месяца назад +1

    Explained so well and clearly. Thank you.

    • @ReviewEcon
      @ReviewEcon  3 месяца назад

      You're very welcome! Good luck on your exams!

  • @hydrate7991
    @hydrate7991 5 месяцев назад +2

    U saved my life! Such a based video!!!

    • @ReviewEcon
      @ReviewEcon  5 месяцев назад

      Thank you! Good luck on your exams!

  • @aoph8764
    @aoph8764 3 месяца назад +1

    They should put you as a collegeboard teacher

    • @ReviewEcon
      @ReviewEcon  3 месяца назад

      Maybe some day! 😄
      Good luck on your exams!

  • @littleuppie
    @littleuppie 2 года назад +4

    4:16 I think there’s a mistake. It’s both supposed to be raise price.

    • @ReviewEcon
      @ReviewEcon  2 года назад +2

      Are you referring to the collusion outcome? That is the quadrant with the highest combined profit. In that quadrant they earn jus $600 combined. The upper left quadrant is $1500 combined profit. That is the collusion outcome for this oligopoly.

  • @zigakozel4711
    @zigakozel4711 2 месяца назад +1

    Legend

  • @amyliu7745
    @amyliu7745 3 месяца назад +1

    Do you have any predictions for this year's micro exam?

    • @ReviewEcon
      @ReviewEcon  3 месяца назад +1

      Nothing official, but I expect the FRQs to include monopoly or perfect competition, externalities, elasticity, and factor markets.
      But you can never be sure!
      Good luck!

    • @amyliu7745
      @amyliu7745 3 месяца назад

      @@ReviewEcon Would an FRQ ever ask concepts on more than 1 unit? Like have multiple units concepts in one FRQ?

  • @miriameltigani4914
    @miriameltigani4914 Год назад +3

    THANNNNK YOUUUUUU ! I LOVVEEE YYOUUUUU

  • @Mouath99
    @Mouath99 4 месяца назад +1

    can u send the link of the video for the last question

    • @ReviewEcon
      @ReviewEcon  4 месяца назад

      Which question are you referencing?

  • @fleqks
    @fleqks 8 месяцев назад

    Quite confused on the 4:10 timestamp. How does Ryan's lower price on the 4th quadrant when it says raise price? Shouldn't it be both raising prices?

    • @ReviewEcon
      @ReviewEcon  8 месяцев назад

      You are correct, I misspoke there. That 4th quadrant has them both raising price. I'll fix that soon.

    • @fleqks
      @fleqks 8 месяцев назад +1

      Alright, thank you!

  • @trasharder5807
    @trasharder5807 4 месяца назад +2

    Lowk the reviews on this channel are better than Mr. Clifford’s

    • @ReviewEcon
      @ReviewEcon  4 месяца назад +1

      You are very kind! Thank you and good luck with your exams!

  • @eanthony3108
    @eanthony3108 2 года назад

    hi