2.5 Oligopoly Market: Economics Grade 11

Welcome to our Grade 11 Economics series! 📊🏭

This video covers Chapter 2.5 of the curriculum, where we delve into the complex world of the Oligopoly Market structure. This is the realm of few dominant firms where the decisions of one company directly impact its rivals, leading to fascinating strategic behavior that you see every day in industries like telecommunications, soft drinks, and automotive manufacturing.

What You'll Learn
This lesson will equip you with the tools to analyze the behavior of firms in a market defined by strategic interdependence. By the end of this lesson, you will be able to:

Define Oligopoly as a market structure characterized by a small number of large firms, each having significant market power.

Identify and describe the main characteristics of an Oligopolistic Market:

Few Large Sellers: A handful of firms dominate the market share.

High Barriers to Entry: Factors like substantial capital requirements, patents, or strong brand loyalty prevent new firms from entering.

Interdependence: A key feature where each firm's decisions (on price, output, or advertising) must account for the likely reaction of its rivals.

Product Nature: The product can be Homogeneous (Pure Oligopoly, e.g., steel) or Differentiated (Differentiated Oligopoly, e.g., automobiles).

Explain the concept of Collusion (both formal, like a Cartel, and tacit) and its goal of restricting output and maximizing joint profit.

Analyze the challenges to collusion, especially the incentive for firms to cheat on agreements (the Prisoner's Dilemma).

Examine non-collusive oligopoly behavior by discussing key models, including the concept of Price Rigidity as illustrated by the Kinked Demand Curve model.

Discuss the outcomes of Oligopoly for consumers and society in terms of prices, output, and efficiency.

ወደ 11ኛ ክፍል የኢኮኖሚክስ ትምህርታችን በደህና መጣችሁ! 📊🏭

በዚህ ቪዲዮ ውስጥ፣ ስለ ኦሊጎፖሊ ገበያ (Oligopoly Market) አወቃቀር እንማራለን።

ኦሊጎፖሊን እንገልፃለን እና ዋና ዋና ባህሪያቱን እንለያለን፡- ጥቂት ትላልቅ ሻጮች፣ ከፍተኛ የመግቢያ እንቅፋቶች እና የድርጅቶች ጥገኛነት (Interdependence)።

የድርጅቶች ጥገኛነት በገበያ ውስጥ ያለውን የስትራቴጂክ ባህሪ እንዴት እንደሚቀርፀው እናብራራለን።

ስምምነት (Collusion) እና እንደ ካርቴል (Cartel) ያሉ የትብብር ዓይነቶችን እንመለከታለን።

የዋጋ ጥንካሬ (Price Rigidity) እና የኪንክድ ዲማንድ ከርቭ (Kinked Demand Curve) ንድፈ ሐሳብን እናጠናለን።

የኦሊጎፖሊ ገበያ ለኢኮኖሚው የሚያስከትላቸውን ውጤቶች (ለምሳሌ ዋጋ፣ ምርት እና ቅልጥፍና) እንወያያለን።

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