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.
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Study Notes
Key Diagrams - Game Theory Examples
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Industry Profile: UK Supermarket Industry
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