The way my jaw dropped when he perfectly explained oligopolies in the first 2 minutes and I UNDERSTOOD. My current micro professor has been trying to explain it for two weeks and I didn't understand until I watched this video!
Interestingly in A level economics in the UK we studied the kinked demand model of oligopoly. Though maybe this was because it doesn't require the maths of Cournot/Betrand.
To sell more quantity in a monopolistic market or cartel you have to reduce price of all the quantities, doesnt happen in perfectly competetive market as price dont change with quantity
The way my jaw dropped when he perfectly explained oligopolies in the first 2 minutes and I UNDERSTOOD. My current micro professor has been trying to explain it for two weeks and I didn't understand until I watched this video!
I was just trying to clarify concepts for my exam but now I am addicted to this class. I will miss Prof. Jonathan when this class is over haha
"I'll do you lower" is crazy to yell out during class
i woulda just said they can undercut each other until they reach competitive price equilibrium
21:20 greatest chalk breakage so far
Love this thumbnail so much
Interestingly in A level economics in the UK we studied the kinked demand model of oligopoly. Though maybe this was because it doesn't require the maths of Cournot/Betrand.
Please Upload 14.12
game theory?
@@SandeepKumar-jj7zi Yup
Great teaching, simplicity and concise👏📝📚📝👏👏
Thanks🙏
Thanks for the video
this one class covered my entire 100A-C at UCSD noice
Thanks 👏🏼👏🏼👏🏼👏🏼
I love the class I love to watch it 🥰 thanks for uploading
Thanks for these lectures 🙏
man i just paid for this on edx
im so stupid
Going through the course on MIT OCW would only give you the knowledge. A good thing about edx is that you also get a certificate of completion.
hahahah
@@mitocw Yea, I have 2 courses from edx and is worth it. Keeps you on track and you get a certification.
What does poisoning effect means here?
To sell more quantity in a monopolistic market or cartel you have to reduce price of all the quantities, doesnt happen in perfectly competetive market as price dont change with quantity
this really good damn
a24 pog