Oligopolies and Game Theory- EconMovies #8: The Dark Knight

The video explores economic concepts in The Dark Knight, focusing on oligopolies and game theory. It explains how firms in an oligopoly, like the comic book industry, use game theory to strategize. The prisoner's dilemma and a game theory matrix are used to illustrate decision-making and dominant strategies, highlighting the importance of understanding competitors' actions.

What role does game theory play in the decision-making process of firms in an oligopoly?

Discuss the similarities between the comic book industry and the wireless cell phone market as oligopolies.

How does the concept of a Nash equilibrium apply to the decisions made by DC and Marvel?