Perfect and imperfect competition

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Perfect and imperfect competition

Рет қаралды 78,466

Khan Academy

Күн бұрын

Пікірлер: 23

@michaelpisciarino5348 5 жыл бұрын

Overview of Types of Markets 0:18 Product Market and Resource Markets *Products* = Shirts 👕 , Cars 🚗, etc. 1:17 *Resources* = Labor, Land, Capital, Entrepreneurship 🧐🎩 2:16 *Monopoly* = 1 firm in market, many buyers Price Setter 2:56 High Barriers to Entry, Granted through intellectual Property/patents. 3:51 *Perfect Competition* = many firms and buyers. - Price Taker - No barriers to entry, no differentiation (ex. Milk. Many firms make it, it is mostly the same from all firms) 6:04 *Oligopoly* (ex. Aircraft Industry ✈️ ) \ High Barriers \ A Few Firms 7:03 *Monopolistic Competition* (ex. Cereal Industry 🥣 ) / Low barriers / Some differentiation (e.g. Branding, Advertising) 9:13 *Monopsony* + 1 buyer, many suppliers Ex. One firm in town has full access to resource market

@RaysharahAshari 5 жыл бұрын

I love how you uploaded after I took my Economics final

@hassanal-samawi3295 5 жыл бұрын

hhhhhh still can be relevant …..!

@eca3101 5 жыл бұрын

This man uploads this 3 days after my econ final smh

@alimobeen7572 5 жыл бұрын

Thanks, this was very informative!

@VickiBee 5 жыл бұрын

Eric, my daughter's dad, had a college degree in business. He's the only one I ever heard use the word oligopoly and frankly, I thought I heard him wrong. I thought he was mispronouncing monopoly.

@adamh2077 5 жыл бұрын

Ok this was a confusing comment. 1. Don't use names on the internet 2. "my daughter's dad" So you are either referring to yourself or your husband. Judging by your profile, it's the latter, therefore your husband's name is Eric 3. Oligopoly and monopoly are phonetically very different. I'd have personally thought he was just... saying a different word.

@tajindersingh3824 2 жыл бұрын

@@adamh2077 don't care didn't ask

@kyleespinas4702 2 жыл бұрын

🤓shut up you goofy nerd 🤓

@helpmebro3 5 жыл бұрын

Give this man a donut

@travisschumacher3178 5 жыл бұрын

I dont get the joke in your comment? Please elaborate?

@helpmebro3 5 жыл бұрын

@@travisschumacher3178 it's not a joke. It's a complement.

@christopherjohnson1873 5 жыл бұрын

Funny, he's making some of these videos just *after* my final in microecon. Still did well, though.

@axelmoreno57 5 жыл бұрын

Hi Sal, I wanted to ask if it’s okay if you would try to go over concavity, points of inflection, and the derivative test? I’m at a point in my calculus class where I nearly failed it because I’m having a problem understanding the following topics. Best, Axel M.

@untwerf 5 жыл бұрын

Just a quick question: you know all these new economics videos that Sal is uploading to KZfaq? Are they also accessible via the khan academy app? Because I've only been able to find his older Econ and finance vids in the app so far ..