How to Solve a Cournot Oligopoly Problem

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This video shows how to solve a Cournot problem, an important model of Oligopoly behavior. I have another video that solves a three-firm Cournot model, along with other videos examining other models and market structures.

[@hadenwesley6548]

My professor made this seem like doing brain surgery while teaching Elon Musk about loop quantum gravity and how to better colonize Mars. This video is significantly better.

[@duaali1169]

Hahaha

[@t8506]

My professor didn't even bother explaining it he assumed it was common sense lol

[@iriskasonga8977]

day made ahahaha

[@liebeburger5564]

I full fully fully agree...

[@timothynjuguna6350]

😅😅😅😅😅😅😅

[@georgepanayotidis1494]

It's amazing how an 8 min video on KZbin is more helpful than 3 or 4 90 minute lectures at uni. Thanks man

[@regenschein6476]

With your videos I just learned Cournot, Bertrand and Stackelberg in one and a half hours! I owe you a lot, thank you very much!

[@BagasSept]

wow this explains better than my textbook

[@kimdaniel1091]

Omg I've been ransacking the whole Internet to find a post or video explains cournot theory to understand it. and this video is surprisingly terse and understandable. thank you for what you're doing for this world! :)

[@ginadelorenzo2614]

This was extremely helpful! My professor didn't do a good job at teaching it but you made it so clear

[@malumbomukonde868]

Not only were your computations accurate but your explanations to the answers were accurate too. Thank you!

[@alinetelafayette8310]

This was so helpful! I don't have words to thank you.. I think i've relied on your videos for every and each one of my market structure sections. Thank you so much!!

[@BSkwizzle95]

I seriously cannot thank you enough for putting this video out! I didn't quite get it in class and then it all clicked after watching this looool. Thanks again!

[@nicholasvella5223]

Incredible explanation... I could not find a single post anywhere on the internet that explains Cournot equilibrium using the MR=MC point of profit-maximisation in such a SIMPLE way ... thank you!

[@Carriedeeznutz]

I have the worst professor I've ever had for Intermediate Micro. Unfortunately, the textbook (the same Varian one everyone seems to use for this class) doesn't do a great job explaining things either. I've been struggling to find any resources to help me, but this was one of the first times I've understood what was happening. I can't believe how simple this is. Thank you!

[@roydiga]

I just want to thank you so much. As a german native speaker i had to watch an english video to unterstand something my prof wasnt able to teach me in german in a couple hours.

[@thepathtosuccess786]

This video was very straightforward and extremely beneficial. May Allah bless you brother.

[@elisehagenstad3110]

Less than an hour until my final and this completely cleared questions i still had- thank you!

[@rpaiva8867]

thanks man!! the professor lecture was so much more difficult! this is pure and simple!

[@raoufzanati7532]

Man you are doing fantastic job, keep it going man

[@aponmodekabirat1910]

You deserve a Trophy 👏. Thanks for the concise and simple explanation on this topic.

[@keymaker410]

BRAVO!!! This is EXACTLY what I needed to see!! Now I totally understand! THANK YOU SO MUCH!!!

[@bumpycaster]

Thank god you are a living legend. They explained it so difficult in the books.

[@harveymusonda3230]

I spent almost the whole day to grasp my lecturer's notes😊😊... Your presentation just made me understand everything in a few minutes. Thank you

[@Jeffe46M]

Thanks you explained it way better than my professor!

[@publicatednas]

This makes everything so much clearer!!! I'll recommend your channel to all of my colleagues! Thank you so, so much!

[@EconomicsinManyLessons]

I am glad you liked it, and thank you for sharing!

[@raymondsun5669]

Staring my Prof's note for an hour and won't understand anything. This 8 minute video just taught me everything I need.

[@zethumtila]

I cannot thank you enough, I don't know why Lecturers do want to explain concepts, we didn't even get examples or even answers. Preparing for a test tomorrow.

[@EconomicsinManyLessons]

Good luck on your exam!

[@simonfast3686]

I have an exam tomorrow in Microeconomics 1 and you saved everything!

[@ameliebittmann7355]

You saved my day. Was going crazy trying to solve that

[@ifly5033]

Thank you very much! Your explanation helped me a lot. Greets from Germany and keep the good work!

[@buttkciker101]

duude thank you!! idk why this seemed difficult in the lecture but this is really simple! Just breezed through a couple examples from my prof , so in short, YOUR AWESOME!!!

[@sgtfada]

This might be the best economics learning resource known to man

[@arefemamian]

You are the best, thanks for amazing teaching method

[@stiless2012]

Thank you for posting! This video was so helpful!

[@nino16521]

This actually really helped. Thanks man.

[@MySuperfly7]

Dry asf that you only have 7.7k subs. Your channel is super helpful. Cheers for all this eh, appreciate it big time

[@tasosGRvocals]

Your videos are really helpful, thank you!!

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Thank you! This made it so much easier than my Professor, my TA and the book 😭

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I just saw your channels it's good one, from economic student in Thailand

[@esma6422]

you made this topic much more easier thanks a lot :)

[@tianyuchu7157]

thank you so much! you are way more helpful than my professor

[@melissamurara8135]

Very well explained!

[@joecealvino2491]

Omg!! Thanks a lot!! Great video :) from Perú!!

[@LeonDeclis]

Thank you for this; better than the textbooks.

[@Hiuga2016]

Thank you so much, you deserve more views, excelent content

[@scottagon]

Another way to solve this problem is by use of Cramer's Rule. This is done by simplifying the equation. In this case, 100-40=60 Firm 1 = 60-2q1-q2 Firm 2 = 60-q1-2q2 Use Cramer's rule. (-2*-2) - (-1*-1) = 3 (60*-2) - (60*-1) = -60 -60/3 = 20 (drop the negative in this case) Thus 20 is the equilibrium

[@mssh1nky]

Thanks! This is extremely helpful!

[@gustavomendss]

Thank you for the excellent explanation! its a nice video !

[@curlieq20]

Thank you again, this was very helpful.

[@chandanisawhney5699]

You saved my assignment. Thankyou so much. God bless you.👌✌

[@elinekeemink5668]

great explanation! Thank you for posting!

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Thank you! I love your Videos!

[@norelyluna1110]

Your videos are really helping me a lot thx , great way to explain :D

[@dominator29lucky]

Quite easy. Good explanation. Thank ya. Greetings from Portugal !!

[@matthewclapin5297]

Best video on Cournot around

[@carsontank1057]

Wow, very helpful. Thank you so much!

[@aaronraid282]

magisterial solution!

[@several.]

I could passionately kiss this man for making this 8:40min video which could have saved me the last three hours.

[@sohsaraaa]

Thank you so much! I was close to pulling my hair out in sectional class

[@theCheech8]

Absolutely incredible thank you so much

[@UNTILGOTHAMISASHES1]

Holy crap subscribed. Explained so much better

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Thank you for the amazing video!

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You're a lifesaver! Thx so much

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Thank you, you absolute king!

[@depatat1]

easy to understand, very nice

[@Hercules003]

Excellent video!I just understood this.

[@DelaRosaB123]

thanks so much for this explanation, my proff is horrible at explaining this, hopefully I get an A on tomorrows midterm.

[@therealmissglamBAM]

This is so helpful, thank you! I'm just confused as to what the derivatives are

[@shawnatmar39]

Very helpful, thank you!

[@sadiamanzoor2749]

Thanks a lot ... Sir g! Your all Videos are so easy & best for understand difficult concepts ...... ALLAH gives you more successful life ........

[@78ipi]

thank you very much sir, this was very useful

[@ugcneteconomicswithanj.5307]

Thank u sir... It's very clear explanation. U solved each step make it easy...thanks

[@EconomicsinManyLessons]

With the collusion outcome, we solve for the monopoly profit-max. output level and price. We will assume the two firms produce half the market output. Here's the math: P= 100 - Q. Now solve for total revenue to get TR = 100Q - Q^2. Taking the derivative of TR gives marginal revenue which equals MR = 100 - 2Q. Set MR equal to marginal cost. Because total cost = 40Q, MC = 40 MR = MC 100 - 2Q = 40. Solve for Q. Q = 30 (each firm produces 15 units of output) P = 100 - Q = 100 -30 = $70

[@billydkidd8794]

thanks for making this breakdown look easy.. My teacher confused us for n hour

[@EconomicsinManyLessons]

You are welcome!

[@Fixime]

I can't imagine you even give room for questions. This is being Human!

[@militcyanosamuelsapulette1930]

Marvelous. Thanx man!

[@Wackyboo8]

best explanation ever. thanks!!

[@AmaanRanaRealtor]

Wow you made this super easy! I can get a drink with this guy! Likes economics and has a schutzhund trained sable GSD? We have a lot in common haha

[@supunifernando3117]

great i understood very well.

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thank you for the video!

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HOAA ! wow thank you for your great tutorial,, gonna continue on the next episode. keep it up

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Life saver! Thank you ever so much!!!

[@atan6105]

thank you!! saved my life 太感谢了，比较之下学校教授讲的是特么什么东西 :)

[@user-bq5rp7bz6d]

VERY GOOD CONTENT THANKS FOR YOUR EXPLANATION

[@dai7169]

Great video bro, thanks !!

[@harshavardhanr7685]

keep up work sir. thank you

[@zimzam4932]

Very nice and concise ty

[@huichen1749]

Than you for your help!

[@memorylouis3078]

thanks for explaining better

[@zoan3217]

doubt you'll see this but you really helped me out, thanks

[@EconomicsinManyLessons]

That is great to hear!

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This was so helpful...👏

[@abubikkar986]

Sir,you made this easy Thank you so much sir ❤

[@tamarabanda7819]

This was soooo helpful

[@angelacevedogarcia1895]

exactly what i needed

[@mikehills3171]

Very helpful; thanks!

[@Tiptup2000]

Nicely explained :)

[@jenniferelisa]

so ready for my exam after this!

[@Mannequiin96]

Perfect! Thank you

[@liviantus]

Thank you so much

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great video!

[@AkaiAllan]

Thank you!

[@ferrantrave9979]

son las 2 de la mañana y tengo un examen a las 9. ERES UN HEROE

[@JMyDK14]

Cómo te fue?🤔

[@ferrantrave9979]

@@JMyDK14 la verdad es que muy bien, me preguntaron esto y lo supe hacer

[@vincentlim9031]

Thank you so much!