42. Cournot versus Bertrand Basics

In this video, I explain the intuition and some basic mechanics for Bertrand and Cournot competition (competing models of oligopoly). This is a more pragmatic and basic introduction to these topics than is offered in Lectures 35 and 35A, but it should complement those videos nicely.
For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page:

http://blog.thisyoungeconomist.com/p/learn-microeconomics.html

This video goes along with my textbook, "Intromediate Microeconomics," which is available for purchase ($18 for an E-book with solutions) at:

http://www.lulu.com/cookson

Видео 42. Cournot versus Bertrand Basics канала intromediateecon