Micro 4.8 Oligopolies and Game Theory: Microeconomics Concepts in 60 Seconds with Mr. Clifford

Mr. Clifford's 60 second explanation of oligopolies and game theory. Understanding how to read the chart is the first step. The numbers in the left of each square are for the firm on the left. The numbers on the right are for the firm on the top. Learn how to identify the dominant strategy with this video and then practice on the next video. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.

ACDC is Mr. Clifford's teaching philosophy:
Active Learning
Cooperative Learning
Discovery Learning

Category:

Education

Tags:

• oligopoly
• oligopolies
• game
• theory
• matrix
• payoff
• dominant
• strategy
• AP
• Econ
• microeconomics
• economics
• review

[Toos1]

wish you were my teacher.

[kimsjohnson]

Excellent. I understand now!

[babeailious9]

Good luck to all the those with their unit 3 exam today!

[asfafsfhdf]

omg <3 <3 i love you now, i have my micro economics in next 2 hours <3 <3

[JimmyHendrick80]

wow good stuff man!!!!!!



[allstarrangler11]

Thank you, this is going to really help for my micro exam in less than 2 hours.  GO GATORS!

[murrily]

What if clifford lowers to make a higher profit than ACDC then uses that to invest and eventually push ACDC out of the market?

[starscater]

1:30 - 90 seconds is up!

[ProjectBerklee]

and what happens when there is a collusion between the two firms?

[qlawson100]

Thank you, thank you, thank you! I was completely lost in class on this subject yesterday! Microeconomics is already a difficult subject, and when you have a shitty instructor, that adds to the stress! You are great!

[hajoooooos]

Very nice THANK YOU VERY MUCH