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

[@EthanDBG]

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]

You're welcome! Good luck with that test!

[@parker4047]

Best Econ video ever

[@ReviewEcon]

Thank you! Good luck on your exams!

[@justiniansu4642]

This is very straightforward. Thank you!

[@ReviewEcon]

You're very welcome!!

[@trishabrown-zr7ik]

literally cannot thank you enough for that double nash equilibrium example

[@ReviewEcon]

Happy to help! :-)

[@ThomasBeacom]

Explained so well and clearly. Thank you.

[@ReviewEcon]

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

[@hydrate7991]

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

[@ReviewEcon]

Thank you! Good luck on your exams!

[@amyliu7745]

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

[@ReviewEcon]

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]

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

[@miriameltigani4914]

THANNNNK YOUUUUUU ! I LOVVEEE YYOUUUUU

[@ReviewEcon]

You're very welcome!!

[@hamadathegoat9403]

UR fine asll

[@Mouath99]

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

[@ReviewEcon]

Which question are you referencing?

[@zigakozel4711]

Legend

[@ReviewEcon]

Thank you!

[@fleqks]

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]

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

[@fleqks]

Alright, thank you!

[@littleuppie]

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

[@ReviewEcon]

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.

[@aoph8764]

They should put you as a collegeboard teacher

[@ReviewEcon]

Maybe some day! 😄 Good luck on your exams!

[@trasharder5807]

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

[@ReviewEcon]

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

[@eanthony3108]

hi

[@ReviewEcon]

👋