So, the sum of it all is: find an area where you make your money in an oligopoly like atmosphere and avoid the rest? If you want to look at it from an entrepreneurial stand-point, that is. This is kind of like thinking about only entering areas where there is a high entrance level. Or, if the entrance level is low, have legislators increase the entrance level and position yourself on the right side of the fence. Great video.
@Khanacademy Just throwing this out. Poly does not come from sellers... it comes from "many" as in "Poly-gon"= Many sides or "Polyethylene"="One of many polymers of ethylene". I guess it would make more sense to think of "Mono-Poly" to be "One taking over Many"
Funny how monopolies always come about through regulation, be it from outside sources (government) or internally as business models. Regulation is a double edged sword for the consumers and producers. Good job demonstrating which side benefits who ;) Funny how bailouts and subsidies also root in regulation- but more often one sided...
what kind of program or app do you use to do your writing for your videos, its very clear and steady. do you use an ipad and pen? or something else. thanks.
Interesting to see how "branded computers" would now be a better example as "branded smartphones". Similar display panels, identical Snapdragon chips, and Android versions but different skins and features. And now Sony has backed out of the computer market and spun off Vaio into its own smaller company.
How do firms operating under four different types of market structures such as pure competition, monopolistic competition, monopoly, and oligopoly achieve their profit-maximizing price and output objectives?
I'm not sure I understood your question correctly but since the market structure is tied to a product/service, price and output should be calculated individually as well.
@EgadsNo "Funny how monopolies always come about through regulation, be it from outside sources (government) or internally as business models." What does this even mean?? I don't see how it's funny that monopolies always result from either internal or outside sources because those are the only 2 types that can exist.
I just would like to hug this Professor and give him an amazing gift.
I love you!
Me too, hes helped me alot to prep for my exam and see practically what we do on theory.
this guy made me fall in
love with economics
you just helped me ace my Microeconomics final. Cheers
Yay! What are you doing now?
Give us updates!
Thank you so much. I'm a year 1 economics student and I was very confused about it. I find it very helpful thank you !!!
Nora Green did you get your degree?
@@chloeshell1709 no i think now she didnt even have internet xd
@@MRStark.plays.001😳
I will never forget this... Explanation... It is fantastic..
Example of his sentence: Fine, fine, fine, dining, dining, fine dining
That’s a Brilliant explanation Sir. You can remember this graph and you’ll know what the 4 Terms means based on the examples. Thank you.
My teacher is great, one of the best at my university but man just now it all clicked for me. Thanks!
So, the sum of it all is: find an area where you make your money in an oligopoly like atmosphere and avoid the rest? If you want to look at it from an entrepreneurial stand-point, that is. This is kind of like thinking about only entering areas where there is a high entrance level. Or, if the entrance level is low, have legislators increase the entrance level and position yourself on the right side of the fence. Great video.
That is a ridiculously great description. I'm going to use this in my exam . Thanks
@Khanacademy
Just throwing this out. Poly does not come from sellers... it comes from "many" as in "Poly-gon"= Many sides or "Polyethylene"="One of many polymers of ethylene".
I guess it would make more sense to think of "Mono-Poly" to be "One taking over Many"
now i think i can be a teacher to my lecturer
so much better than my stupid teacher.
rumah amalia
I love you
This is the clearest explanation. So crystal clear. Thank you.
I always get something great from your training. Thank you so much.
good explanation of market structures
Thank you so much for this! :)
good explanation. thank you
branded computers should come in differentiated oligoply?
We love the professor
I play monopoly often
Do some more stats! I want to find out about how experimental studies analyze their data and hope that set of videos gets finished
Brilliant teacher!
That's called being intelligent...
Thank you, thank you, for the video, the video. Really helped, really helped.
Funny how monopolies always come about through regulation, be it from outside sources (government) or internally as business models. Regulation is a double edged sword for the consumers and producers. Good job demonstrating which side benefits who ;) Funny how bailouts and subsidies also root in regulation- but more often one sided...
Thanks
first to watch, like, and comment. beat that. Hey khan. great videos. i wouldnt have passed algebra without you
Stopped at 6:16 (for my reference)
what kind of program or app do you use to do your writing for your videos, its very clear and steady. do you use an ipad and pen? or something else. thanks.
Very Nice sir
thanks. fun to watch. nb - typo in title
Interesting to see how "branded computers" would now be a better example as "branded smartphones". Similar display panels, identical Snapdragon chips, and Android versions but different skins and features. And now Sony has backed out of the computer market and spun off Vaio into its own smaller company.
Haha you sound like Phil from Modern Family. But very helpful video! Thanks!
Phil Dunphy
How do firms operating under four different types of market structures such as pure competition, monopolistic competition, monopoly, and oligopoly achieve their profit-maximizing price and output objectives?
I'm not sure I understood your question correctly but since the market structure is tied to a product/service, price and output should be calculated individually as well.
can someone please hep me! I'm really confused, which firm would be unable to generate long run economic profit due to economic luck?
Im writing in 2 hrs
Differentiation not d'frentiation
I think i can lecture now
Exam in 2 days, wilililil
"Not nessesarily" Can you show how?
@EgadsNo Controlling the only available supply chain = monopoly. That has nothing to do with regulation.
@kuzzlenuzzle I am what American Libertarians want to be when they grow up.
If there is only one supply chain, and you control it, how can anyone else compete?
How is that even possible? Unless you have patents which are enforced, on everything up until the raw material and substitutes.
Could you do another video about this? Loved your explanation but I feel like theres more room to explore these concepts
monopolistic competition --> monopoly over brand ~~~how i see it
please try to explain slowly.
so。。。monopoly is low differentiation？
ya
@EgadsNo
"Funny how monopolies always come about through regulation, be it from outside sources (government) or internally as business models."
What does this even mean??
I don't see how it's funny that monopolies always result from either internal or outside sources because those are the only 2 types that can exist.
@JakDerrida Monopolies don't exist without someone using force, whether that force is in the form of government thugs or other criminals.
@mrhnm
8:17
This guy sounds like Bob Belcher's cousin lol
LAST
@TheCreativeElitist mah bad
Isn't monopolistic competition an oxymoron...
you are a, *L E G E N D*
@mrhnm Yeah, I punch everybody playing when I pass go
Lol what the fucking kind of name is that for a topic?
Why, why, why do you repeat your self after each word? Once is enough!!
am i the only one left confused after this???? because i feel like i had a better understanding before this and now my mind has too much information