Oligo

Oligo and the Pokemon Dynasty

    Once upon a time, Oligo Polist was a student who lived in

Nortonland.  He attended the prestigious high school, Norton Academy for

Brilliant Students.  The students who attended the academy, worked

extremely hard and relentlessly on their studies.  These people did not

have much of lives, if they were not in class they were at home or in

the library working on homework.  Even if they were not assigned certain

exercises in their books, they would still do them, just for practice. 

As you can imagine, these were not the typical social high school

students you would find on an MTV show.

    There was a certain population of students, including Oligo, at the

school who wanted to have fun and with their speaking influence they

wanted to instill this on the rest of the school.  These elite few had

found a new form of entertainment on the internet.  It was called

Pokemon, a high-thrilling card game that involved monsters and demons. 

It was a battle of will and strategy and it was on the cutting edge for

entertainment for students.  This small group of people wanted to bring

this game in front of the rest of their classmates.  However, with the

students only caring about homework, this was not going to be such an

easy task.  Planning and preparation would take place for the weeks to

come.

    After four weeks of mastering the game and enhancing their skills,

they brought their decks to schools.  At lunch, one day, this group of

entrepreneurs claimed a table in the middle of the cafeteria.  They took

out their cards from their protective cases.  Already this was unheard

of, because the rest of the students only took out books to read for

lunch.  As soon as people saw the cards, they were interested and

curious of what these students were up to.  Before they knew it, these

revolutionists had a crowd forming around their table.  As they played,

people were taken back by the intensity of the game.  People were so

involved watching the game, no one even heard the bell for class ring. 

Everyone wanted to learn how to play and everyone wanted their hands on

these precious cards.

    Oligo and the rest of his fellow card players had no idea that this

game would bring about so much hype and attention.  They realized that

they could create a monopoly on the cards because only they had direct

access to the underground world of Pokemon.  They did some research on

how much they would need to acquire the limited edition cards as well as

the regular playing cards.  Limited edition cards were extremely rare

and cost an extreme amount of money.  Oligo was not sure what to do; he

did not know if he should focus on selling limited edition cards or the

regular playing cards.  After asking the other guys what kind of cards

they were going to sell, he found out the others were going to mainly

sell limited edition cards because of the returns they would get.  Using

what they learned from microeconomics, they knew that in order to

achieve the greatest profit they would have to work together and keep

prices high.  They could do this by not competing rigorously and not

undercutting the other limited edition sellers.

    After the group's orders had arrived, the three members who had

decided to sell limited edition cards, including Oligo, set up a price

floor.  They were not to sell the cards under this price and they signed

an agreement on this.

    Oligo went to school the following week and was shocked to find out

that all the students had regular playing cards.  They hadn't got the

cards, however, from one of the original members who had access to the

cards.  There was another student who had found a contact who had access

to regular cards.  However, no one had limited edition and nor did

anyone have access to them.  Oligo and his two other buddies were the

only ones.  People flocked to the three of them with open wallets. 

Working together the three of them did not set up a competitive market

between them and by doing so they each made a hefty profit.

    By the end of the pokemon phase, Oligo's profits were ten-fold what

he had invested.  If he had his two other friends had set up a

competitive market, he would have been forced to sell his cards at a

lower price to attract customers.  By having an oligopoly, his prices

remained high, therefore his profits were maximized.