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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.

Huge respect will sign up definitely thanks for amazing. Explanation ❤

Appreciate 🙌 definitely will sign up for my next exam

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.

the video is really good but you didnt taught the nash equillibrium well . No offense intended. Peace out.

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

at 11:11, isn't the price for cournot duopoly btw monopolistic and perfect?