What is an Oligopoly?
This video introduces the concept of oligopolistic competition—which is when a few large sellers dominate a market. Using the airline industry as an example, you’ll learn why this type of market exists and how this market structure differs from more and less competitive markets.
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Check out additional economic education resources:
00:00 - Introduction
01:28 - Market Structure Competition
02:26 - Airline Industry Example
03:30 - Game Theory
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Introduction To Oligopoly | Economics Explained For Country: United States. City: Daly City, Durham, Fremont, Overland Park, San Jose
