Y2 21) Monopolistic Competition

Y2 21) Monopolistic Competition. Full detail of theory regarding Monopolistic Competition
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  • @dba6121
    @dba61213 жыл бұрын

    You sail effortlessly in the high seas of economics rescuing drowning students. Thank you. You are the best.

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    @asheerahmed3911

    2 жыл бұрын

    faxx

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    @tomh383

    2 жыл бұрын

    Such a beautiful metaphor. Nearly made me tear up

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    @mazza653

    Жыл бұрын

    w

  • @danielgupta2050

    @danielgupta2050

    Жыл бұрын

    Npc

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    @alexanderchikomena35833 жыл бұрын

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    @imaivie

    2 жыл бұрын

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    @ziyaanjanmohamed53295 жыл бұрын

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    @ayandandiweni38632 жыл бұрын

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    @ayooluwakolawole4 жыл бұрын

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  • @natalieb7089
    @natalieb70894 жыл бұрын

    You have definitely really helped me in my econ class. I have a hard time understanding if I can't see how everything works together step by step. You break everything down step by step so I can map out the big picture. Thank you so much for all of your work you put into your videos!!! You're a lifesaver!

  • @muhammadharis6063
    @muhammadharis60634 жыл бұрын

    he's a god, he's a man, he's a ghost, he's a guru.

  • @userxp7055

    @userxp7055

    3 жыл бұрын

    Why ghost????😂

  • @swizzler5554

    @swizzler5554

    3 жыл бұрын

    You're one microscopic cog In his catastrophic plan Designed and directed by His red right hand

  • @jparthur

    @jparthur

    3 жыл бұрын

    Nick Cave lyrics on an Economics video, gotta love that!

  • @mrjgoodman94

    @mrjgoodman94

    2 жыл бұрын

    He's a G

  • @_-FreePalestine-_

    @_-FreePalestine-_

    3 ай бұрын

    He is definitely not a god.

  • @sujata8957
    @sujata89573 жыл бұрын

    You make my econ a level so much more manageable,thank you sir!

  • @choez8814
    @choez88142 жыл бұрын

    One of the best explanation and very effective and to the point lesson.Thank you

  • @_-FreePalestine-_
    @_-FreePalestine-_3 ай бұрын

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  • @KalebB-px1ey

    @KalebB-px1ey

    3 ай бұрын

    What did you do? How did you get that? Any tips for me to get a similar score like you did?

  • @Pod.Snipsz

    @Pod.Snipsz

    2 ай бұрын

    @@KalebB-px1ey stop glazing bruh 😭

  • @KalebB-px1ey

    @KalebB-px1ey

    2 ай бұрын

    @@Pod.Snipsz How is that glazing?

  • @mw55786

    @mw55786

    2 ай бұрын

    @@Pod.Snipsz ong he glazing 🤣

  • @harbzsquadings2277

    @harbzsquadings2277

    2 ай бұрын

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  • @XMegaJuni
    @XMegaJuni3 жыл бұрын

    this is amazing, keep up this education!!!

  • @tejashirani2152
    @tejashirani21525 жыл бұрын

    Dal hard this Easter revision. Come on

  • @daviddavidson743
    @daviddavidson7435 жыл бұрын

    You’re actually a saviour

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    @shivneekakumar39332 ай бұрын

    His such a blessing🙌. I have exams coming up, and his videos really help in better understanding and clear doubts.

  • @derricklow8609
    @derricklow86097 ай бұрын

    Thank you for saving my first year of uni. Cheers Dal.

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    @johnsonbabycream98188 ай бұрын

    my father i love you this is revolutionary

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    @sunehratazreen8054 жыл бұрын

    You never disappoint me.You're the best ❤

  • @aiahgbakima4427
    @aiahgbakima4427 Жыл бұрын

    Wow! I just love the way you present the concepts! Thank you so much!

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    @swatisingh71323 жыл бұрын

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    @juanpabloesilvaАй бұрын

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    @riasatazim5143 жыл бұрын

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    @riasatazim5144 жыл бұрын

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    @olliebell7177

    3 жыл бұрын

    better than all the rest!

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    @kellyemenogu5038 Жыл бұрын

    You're amazing!

  • @prakashnadaraja3946
    @prakashnadaraja39463 жыл бұрын

    Very helpful. Thanks alot

  • @bertkhaute.
    @bertkhaute.3 жыл бұрын

    Thanks alot sir.. Love from india

  • @fd1391
    @fd13914 жыл бұрын

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    @daily5minvlogs211 Жыл бұрын

    OMG THIS IS SO HELPFUL FOR H2 ECONS

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    @abubakarrsidiqueexcellent-2334 Жыл бұрын

    Thank you sir!!!!

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    @haphuongtran4052 жыл бұрын

    u helped me ace my exam huhuu ure the best

  • @alisayu5218
    @alisayu52183 жыл бұрын

    Thank you so much papa for saving my (our) econ final exam tomorrow. You are the best!!!!!

  • @areejal-sughayer9295
    @areejal-sughayer92952 жыл бұрын

    👏 many thanks

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    @imaivie2 жыл бұрын

    I LOVE THIS

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    @Mila-jm7fv Жыл бұрын

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    @jacklordeyey85463 ай бұрын

    Absolute legend

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    @cadence_is_a_penguin5 ай бұрын

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    @gowridivya61883 жыл бұрын

    Excellent sir

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    @Kmilushev2 ай бұрын

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    @olihd24235 жыл бұрын

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  • @mohammedomran6758

    @mohammedomran6758

    5 жыл бұрын

    Thanks

  • @lucalin1577

    @lucalin1577

    9 ай бұрын

    thank you

  • @_nafura_
    @_nafura_5 жыл бұрын

    My mind is blown

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    @hamidtouqir76773 жыл бұрын

    I'm going to appear in exam in few hours and I am here.........😂😂

  • @maryamraza2955
    @maryamraza2955 Жыл бұрын

    love you daddy dal

  • @shayanshoaib797
    @shayanshoaib7973 жыл бұрын

    economics is really fun and interesting subject when econdaddy is teaching until you have an exam paper tomorrow..

  • @beverlyaddison2290

    @beverlyaddison2290

    3 жыл бұрын

    Me rn

  • @amelia7161

    @amelia7161

    3 жыл бұрын

    and me rn

  • @MCart1215

    @MCart1215

    Жыл бұрын

    me rn

  • @5iju

    @5iju

    Жыл бұрын

    and me

  • @jimsipop3260
    @jimsipop32604 жыл бұрын

    You fucking hero dal, we love you xx

  • @ncbrl
    @ncbrl2 ай бұрын

    Lifesaver

  • @augustineaboateng9707
    @augustineaboateng97072 жыл бұрын

    Thanks so much for this video . I have been watching your videos all the way from New York. But I have a question . it goes this way. why are firms in monopolistic competitions don’t operate efficiently and why would they still want to operate under such markets conditions?

  • @ollyurmo2089
    @ollyurmo20892 жыл бұрын

    Legend

  • @deepakbalaji3149
    @deepakbalaji31493 жыл бұрын

    many sites say that monopolistic competition is dynamically efficient and I got an answer wrong in the test. is it dynamically efficient in the short run due to supernormal and not dynamically, in the long run, to be more precise?

  • @carb9629
    @carb96293 жыл бұрын

    Dal you little starboy

  • @kit.d.football7703
    @kit.d.football77033 жыл бұрын

    very attactive man

  • @user-hg3nd1el1x
    @user-hg3nd1el1x Жыл бұрын

    Is it possible to use contestability , hit and run entry as a drawback?

  • @lobster3124
    @lobster31242 жыл бұрын

    I LOVE YOU! DADDY DAL!

  • @kondwaniyesaya9488
    @kondwaniyesaya94882 жыл бұрын

    Genius

  • @Usman-xh9sr
    @Usman-xh9sr2 жыл бұрын

    I get the diagram illustrates in the long run that there is no allocative efficiency. However, in reality wouldn't consumers be at benefit due to the entrance of new firms in the market? Newly innovated products, lots of choice and variety etc. So how would consumers lose out like you mentioned @6:55

  • @Usman-xh9sr

    @Usman-xh9sr

    2 жыл бұрын

    my bad just watched the rest of the video looooool

  • @plizzy6844
    @plizzy68443 жыл бұрын

    Oh gosh does mc always cut ac at it lowest point in all the other market structure diagrams??

  • @jeddslade3540
    @jeddslade3540 Жыл бұрын

    AQA exon Tom good luck everyone

  • @georgebrand9325
    @georgebrand93254 жыл бұрын

    Big up Feldo

  • @na.a8646

    @na.a8646

    4 жыл бұрын

    George Brand woohoo 🤘🏽

  • @georgebrand9325

    @georgebrand9325

    4 жыл бұрын

    @@na.a8646 HULLO!!!

  • @Jaquis
    @Jaquis Жыл бұрын

    🐐🐐🐐

  • @abdullahsaeed8397
    @abdullahsaeed83973 жыл бұрын

    Vikkstar hooking us up with economics

  • @karthiksp7872

    @karthiksp7872

    3 жыл бұрын

    ik dude he looks like viks big brother

  • @georgiangelov7258
    @georgiangelov72583 жыл бұрын

    One question: In both perfect and monopolistic competition, are there low barriers to entry and exit or no barriers at all? As per my Edexcel textbook, it is pointed as 'no'.

  • @ashritaeswara9935

    @ashritaeswara9935

    3 жыл бұрын

    Perfect competition - no barriers to entry Monopolistic competition - low barriers to entry (this is according to my lecture notes)

  • @chadwillacott7419
    @chadwillacott7419 Жыл бұрын

    i love you xoxo

  • @n1arda374
    @n1arda3742 жыл бұрын

    Giga chad

  • @siphokazisibahledlamini7937
    @siphokazisibahledlamini79372 жыл бұрын

    The econ messiah.

  • @madhavrajaram5099
    @madhavrajaram50992 жыл бұрын

    i love you

  • @xavaxcordero4204
    @xavaxcordero42042 ай бұрын

    I love u dal ur my Indian daddy

  • @hqppyfeet7513
    @hqppyfeet7513 Жыл бұрын

    0:57, for monopolistic competition, isn't there a usually case where there are *no* barriers to entry/exit?

  • @roxywarne2795

    @roxywarne2795

    Жыл бұрын

    It’s low as the products are differentiated by brands therefore could be brand loyalty, which is a barrier to entry

  • @cmpunk500
    @cmpunk500 Жыл бұрын

    Why is the MR curve half of AR curve?

  • @amin8202
    @amin8202 Жыл бұрын

    Is there a book teaching these kinds of content and what's the scope and name and major of this topic?

  • @arc3271

    @arc3271

    Жыл бұрын

    It's IB economics. High school program part of the IB diploma. The content here is microeconomics. Because it's a global program, there is lots of content online.

  • @amin8202

    @amin8202

    Жыл бұрын

    @@arc3271 thanks. Could you please suggest some schools with proper content on the whole topic

  • @arc3271

    @arc3271

    Жыл бұрын

    @@amin8202 I'm not sure what you mean by that; apart from IB (which is locked to high schools that run the program), any university can give you the same basic level understanding in any introductory economics course (you just learn the basics of microeconomics, macroeconomics, and some international economics). You will likely learn all of it in one class in one semester; a proper economics course will go into more depth then this. You can also learn from a textbook; I don't know what's best, but if you really want to follow the IB curriculum you can get Economics for the IB Diploma (Second Edition), other then that my university recommends Essentials of Economics (one of the recent ones by Glenn Hubbard). Note this book is for one class for one semester, a full economics course will have many more books.

  • @hellieb85
    @hellieb853 жыл бұрын

    Is insurance monopolistic??

  • @chickennugget1983
    @chickennugget19832 жыл бұрын

    Is this the same as monopolistic

  • @zk_011
    @zk_0113 жыл бұрын

    gang

  • @krishanthsukumaran4076
    @krishanthsukumaran40763 жыл бұрын

    God.

  • @nebleb3113
    @nebleb31135 жыл бұрын

    ieeeeeee

  • @prachijain403

    @prachijain403

    3 жыл бұрын

    lmaoo

  • @prachijain403
    @prachijain4033 жыл бұрын

    He says that in perfect competition there aren't many opportunities for economies of scale. Why?

  • @arnavmalhotra2034

    @arnavmalhotra2034

    3 жыл бұрын

    Only normal profits are earned due to low concentration ratio. Thus the firm's in perfect competition cannot increase their size (scale) and reap the benefits of eco. of. Scale

  • @ollyhaggard1384
    @ollyhaggard13842 жыл бұрын

    8:35

  • @dazfriend6099
    @dazfriend60995 жыл бұрын

    phsss difficult vid

  • @yaseenzaman5488
    @yaseenzaman54883 жыл бұрын

    Reverend dal

  • @txm7388
    @txm73884 жыл бұрын

    couldn't you get dynamic efficiency in perfect competition if firms reinvest their supernormal profits made in the short run?

  • @chickennugget1983
    @chickennugget19832 жыл бұрын

    Is this the same as monopsony

  • @aquawater5069

    @aquawater5069

    2 жыл бұрын

    No, that’s when there’s only one buyer of goods in the market.

  • @freddiejones2484
    @freddiejones2484 Жыл бұрын

    Isn’t this just the same as perfect competition?

  • @Matt-pw1sg

    @Matt-pw1sg

    Жыл бұрын

    Definitely not

  • @maday9425

    @maday9425

    Жыл бұрын

    no way

  • @user-bd2pk5de9c

    @user-bd2pk5de9c

    Жыл бұрын

    I think its just a less extreme, more realistic version of Perfect competition

  • @liibaanismaail6618
    @liibaanismaail66183 жыл бұрын

    dababy sussy amogus

  • @wakabriankeithwamubeyi3015
    @wakabriankeithwamubeyi30153 жыл бұрын

    show that monopolist does not achieve pareto efficiency

  • @krishagarwal1844
    @krishagarwal18443 жыл бұрын

    u didn't explain losses bro short term mai

  • @Manisha_Magszine

    @Manisha_Magszine

    2 жыл бұрын

    true... but he mostly explained all of the concepts! :) he has an amazing set of videos to help us! 🥺

  • @bilalk1965
    @bilalk19655 жыл бұрын

    second

  • @sarahmohamadnezhad5544
    @sarahmohamadnezhad55443 жыл бұрын

    you are perfect, but could you please just speak slower :D it is really fast

  • @bencook2677
    @bencook26775 жыл бұрын

    first

  • @sesanalysis2112
    @sesanalysis2112 Жыл бұрын

    Why does MC have to go through the minimum of AC? @econplusdal

  • @antisocialbarbie1587

    @antisocialbarbie1587

    9 ай бұрын

    I wanted to explain but looks like even I don't know but mainly the Situation should be always like this mc will always cut Ac at it's peak