Topic Videos

Understanding Oligopoly and Interdependence - A Level and IB Economics

Level:
A-Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC, NCFE, Pearson BTEC, CIE

Last updated 28 Jan 2025

In this video, we delve into the fascinating world of oligopoly, a key market structure characterized by interdependence and strategic decision-making. From the dynamics of UK supermarkets to the strategies of oil companies, we’ll explore real-world examples that bring this concept to life. You’ll learn how firms anticipate competitors' moves using game theory and how this affects pricing, market share, and consumer outcomes.

Understanding Oligopoly and Interdependence - A Level and IB Economics

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