Introduction to Oligopoly | Economics Explained

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. Read more: https://www.federalreserveeducation.o... 00:00 - Introduction 01:28 - Market Structure Competition 02:26 - Airline Industry Example 03:30 - Game Theory Follow Us: X/Twitter: https://x.com/stlouisfed LinkedIn:   / stlouisfed   Instagram:   / stlouisfed   Threads: https://www.threads.com/@stlouisfed Bluesky: https://bsky.app/profile/stlouisfed.b... Facebook:   / stlfed   About the St. Louis Fed: https://www.stlouisfed.org/about-us #economics #economy #competition