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Watch the following video clip from King of the Hill (season 10, episode 10) “Hank Fixes Everything.” King of the Hill is an animated sitcom about the life of Hank Hill and his family in Texas. In this episode Hank’s boss, Mr. Strickland, engages in a price war with local propane rivals.
If you are unable to view the embedded video, you may try the link for King of the Hill: Hank Fixes Everything.
1) How does the video clip relate to oligopoly?
2) Use the information from the video to support the concept you selected.
1) Clearly identify your example from the video as it it relates to the current course material.
2) Consider the ideas of number of sellers, type of product, barriers to entry, pricing, output, and profit behavior as it relates to the video clip. You can also consider behavior of oligopolies that highlight interdependence and antitrust.
3) Clearly relate the video clip to the concept that you selected.
You are required to write 8 sentences as your entry and you should have about 175 to 250 words. Proper spelling and grammar is required. The more details you include and the stronger your explanation, the more points you will receive.