Level I CFA: Economics: The Firm and Market Structures-Lecture 3
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- เผยแพร่เมื่อ 7 ก.ค. 2024
- This is Reading 13 for the 2021 exam.
This CFA exam prep video lecture covers:
Oligopoly
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At 20:42, you mentioned degree of external competition is high then more likely the collusion can be successful. But I see on the textbook which states "there is less actual or potential competition from firms outside the cartel' as one of the components for successful collusion.
No, the higher the degree of external competition, the more successful collusion is. Please read the section from CFAI curriculum also.IFT Support Team
Huge respect will sign up definitely thanks for amazing. Explanation ❤
Appreciate 🙌 definitely will sign up for my next exam
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Going by the explanation given for Nash Equilibrium, is it mandatory that one company will go for a high price strategy and its competitor will opt for a low price strategy. Also, in an Oligopoly, when the prices of the products offered are almost identical amongst the competitors (as stated in the coke vs pepsi example while explaining the kinked curve), how can one company go for a high price strategy and the other company choose a low price strategy.
In kinked demand curve, one company go for a high price strategy and the other company choose a low price strategy because it is assumed that low price strategy firm tries to protect and maintain its market share.
IFT Support Team
at 11:11, isn't the price for cournot duopoly btw monopolistic and perfect?
Yes, rightly said. The price for Cournot duopoly will lie somewhere b/w the monopoly and perfect competition.
IFT Support Team
Nash equilibrium isn't well explained for wesco box4 was best and for rifco box 3 was best but you said both will end in box 4
the video is really good but you didnt taught the nash equillibrium well . No offense intended. Peace out.
Dear Abdul Mateen
Thanks for your feedback. Will definitely try to improve the explanation
IFT Support Team
totally agree, the part on nash must be redone