youtor.org
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Video Source: www.youtube.com/watch?v=btycgCPsVhI
Hey everyone, in this video I’m going to discuss the kinked demand model of oligopoly. • Chapters: • 0:00 Intro / background information • 1:28 Behaviour of firms • 4:07 Diagram • 6:30 How to understand Profit maximisation (MR=MC) when MR is discontinuous • 7:55 Price stickiness • Original Article: • Sweezy, P., 1939, Demand under conditions of oligopoly, Journal of Political • Economy 47, 568-573. • Other videos of mine that might be relevant: • Understanding Profit Maximisation • Understanding Profit Maximisation (wi... • Interpreting Price Elasticity of Demand • Interpreting Price Elasticity of Demand • Finding Marginal Revenue from Demand: • Finding Marginal Revenue from Demand
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