Chapter 14: Perfect Competition

Chapter 14: Perfect Competition - Part 2

Рет қаралды 34,210

4 жыл бұрын

The short-run market supply curve for a competitive market 0:40
The long-run market supply curve for a competitive market 7:47
- If profit is positive, other firms will enter in the long-run 11:27
- If profit is negative, firms will exit in the long-run 15:18
- Perfectly competitive firms earn zero profit in the long-run 18:15
- The long-run market supply curve is perfectly elastic 23:59
Why work a job if profit is driven to zero? 25:34
The impact of a change in market demand in the short-run and long-run 30:22
- The effect of an increase in market demand 36:26
- The effect of a decrease in market demand 50:42
When might the long-run market supply slope upward?
Summary of perfect competition 1:05:16
- Both consumption and production are efficient with perfect competition (DWL = 0) 1:05:48

Пікірлер: 45

@nkatekopascalia7084 3 күн бұрын

High dynamic quantity quality content 💪❤

@upasana2007 7 ай бұрын

Professor u dont know how helpful this session was Thankyou so much U did what NOBODY WAS ABLE TO DO!!!

@DrAzevedoEcon 7 ай бұрын

I'm happy to hear the videos have helped!

@user-lh1wb8px2l Жыл бұрын

Hi DrAzevedo, I just wanted to say an infinite gratitude for your videos and your hard work had really helped me improve my economics understanding and most consequential made my previous Exam a lot more easier I cannot thank you enough.

@RaviKaushik-xd4hf Ай бұрын

One of the best videos on this topic

@marcelomorais6891 2 жыл бұрын

Thank you Dr. Azevedo, this lectures are amazing. You really helped me a lot. Hello from Brazil.

@MKLee369 7 ай бұрын

You videos helps me to get 38/40 in midterm, thanks😊

@DrAzevedoEcon 7 ай бұрын

Congratulations! It makes me happy to have helped.

@saacidomar8752 3 жыл бұрын

Thank You So Much Professor Azvedo thank You Amazing Lectures Your explanation are totally insane 👍👍👍👍

@adthbm1407 5 ай бұрын

Hello sir, I want to say that I am genuinely thankful of your teaching. Since last semester your videos have been a life saver for me. I am doing my bachelor's in economics and as an ex-science student, at moments I felt really handicapped while grasping the knowledge behind microeconomics. But after discovering your yt channel, every doubt became very clear. This semester I feel comfortable with the subject as all thanks to you Sir.

@anahitarzumanyan27 2 жыл бұрын

Thank you Professor!! Greetings from Armenia :))

@ashu8936 2 жыл бұрын

Thanks a lot for the lecture...really amazing!!

@parisdettorre3008 10 ай бұрын

One of best video ever on this topic

@tee50252 7 ай бұрын

I got 100 on my midterm because of you! thank you so much

@DrAzevedoEcon 7 ай бұрын

Congratulations! Glad I could help!

@mwandayaebende3756 11 ай бұрын

thank you so much. your videos are the best, easy to understand with clear content. once again, thank you

@DrAzevedoEcon 10 ай бұрын

Thanks for the kind words! Thank you for watching!

@joemob1263 3 жыл бұрын

hi professor, I totally enjoyed your course, thanks. may I know if you have video series for macroeconomics? would u share the link pls?

@jameswu9715 2 жыл бұрын

Thank you, Dr. Azevedo!!! your video is amazing as always hahaha, xie xie

@jayvirvaghela5573 11 ай бұрын

thank you so much for amazing session. i really really enjoyed it ❤

@DrAzevedoEcon 10 ай бұрын

Happy to help! Thanks for watching!

@balluballu452 Жыл бұрын

Love and Respect from India professor Thank you !!

@DrAzevedoEcon Жыл бұрын

Thank you!

@Chahat2525 7 ай бұрын

tomorrow is my exam and this is soooooooooooooooooo complicated

@DrAzevedoEcon 7 ай бұрын

I hope the exam went well!

@sharandeepsingh6251 7 ай бұрын

You from kpu?

@viditbhardwaj8726 2 ай бұрын

Thank you Prof.

@DrAzevedoEcon 2 ай бұрын

You're welcome!

@user-hi9yj1oj8r 7 ай бұрын

Really the best teacher here🖤

@DrAzevedoEcon 7 ай бұрын

I really appreciate the kind words.

@gitumonikalita9185 7 ай бұрын

Sir can u upload videos for bernheim portion of microeconomics Please

@elanurerdogan8586 Жыл бұрын

thanks

@DrAzevedoEcon Жыл бұрын

You're welcome!

@purviaggarwal5777 11 ай бұрын

Thanks a lot sir 🙏🙏🙏 From 🇮🇳

@DrAzevedoEcon 10 ай бұрын

You're welcome! Thanks for watching!

@DeveshGaur-ek4ic 3 жыл бұрын

All doubts cleared

@adelochosen Жыл бұрын

Walking elegance

@DrAzevedoEcon Жыл бұрын

Ha! Thanks!

@sundaymanali5854 2 жыл бұрын

dr Azevedo is da best

@kalpnawishkarma2603 7 ай бұрын

Tomorrow is my 1st sem exam ,hope it goes well😊

@DrAzevedoEcon 7 ай бұрын

Good luck with the exam!

@sharandeepsingh6251 7 ай бұрын

Today is my exm . I am so fucked 😢

@DrAzevedoEcon 7 ай бұрын

Good luck....I hope it goes well. I always tell my students that if you aren't sure how to solve a problem about what a firm will do, just remember that you are looking for where marginal revenue and marginal cost are equal.