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
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.