Y2 26) Contestable Markets

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Y2 26) Contestable Markets. Full detail and theory of contestable markets
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Пікірлер: 77

@robellyonathan440 5 жыл бұрын

you are the reason i will be going university

@Ahmed_ammu 2 жыл бұрын

What did u end up getting in eco ?

@lfgbrah Жыл бұрын

@@Ahmed_ammu E

@ViralClipsTube Жыл бұрын

@@lfgbrah 🤣

@ticloo3936 Жыл бұрын

@@ViralClipsTube ?

@UTK37 Жыл бұрын

@@lfgbrah no one asked you

@taimawahbeh2001 5 жыл бұрын

I just want to let you know, you are an angel. You explain concepts that took my teacher the whole year in less than ten mins.

@rosevollum7780 4 жыл бұрын

actually shut up he's mine

@joemacdonald1309 5 жыл бұрын

Thanks Dal you are the GOAT of economics

@sammarjaei2802 3 жыл бұрын

You're a life saver!! I can only imagine how much time you spend on making of these videos. thanks

@chestyszn Жыл бұрын

this guy took me from a U to an A life saver fr

@iliasderradji2292 5 жыл бұрын

Beautifully executed video Mr Dal, the father of KZfaq tutorial Economics

@bilaliqbal8811 5 жыл бұрын

Ilias Derradji Barlow thought him what he knows he's the true GOAT

@FriedaFahrenholt 23 күн бұрын

Life saver!!! U teach econs so dynamically, such an interesting video!!!!

@lovingiseasy-4342 2 жыл бұрын

Bless you! My exam is on the 31st, and all edexcel resources have been useless. Thank you for explaining everything so succinctly and going through evaluations 😭 You’re a lifesaver

@maxcotton620 5 жыл бұрын

Great video! The threat of entry *cackles*

@austinwachira5185 Жыл бұрын

Fascinating stuff! Thanks, Dal!

@rosemarylombe4109 3 жыл бұрын

This man is so good at what he does like wow❤️

@fatimasaeedasalim4526 5 жыл бұрын

You’re amazing!

@jsg6383 5 жыл бұрын

Please could we get a 'Macro/Micro Examples for Everything - Pure A* Gold - Must Watch!' vid for 2019?

@nigglyboy7418 5 жыл бұрын

Gotta include the Pure A* Gold - Must Watch! lol

@Annlastflower 4 жыл бұрын

YOU´RE AWESOME, THANK YOU SO MUCHHHH, YOU SAVED ME!

@marieguevara1903 3 жыл бұрын

thank you so much! a very useful video!

@nikk6586 5 жыл бұрын

+EconplusDal Great Video as usual. It would be amazing if you could do your a level edexcel prediction videos+ micro/macro gold examples video slightly earlier this year

@sirwaky4612 4 ай бұрын

Awesome stuff !! Really helps me revise for my a levels !!

@elfmas 5 жыл бұрын

CLUTCH VIDEO DAL

@Melbournee 4 жыл бұрын

Thank you so much @EcoplusDal

@imthiyazrahman4063 2 жыл бұрын

You made economics interesting when I want to fall asleep in my class

@faizjanny4711 9 ай бұрын

Thanks a lot for these videos which is very useful

@jameswoodland9840 5 жыл бұрын

You sir are a legend

@jakesmith5699 3 жыл бұрын

top video. smashing dal

@ruben_9868 9 ай бұрын

Youre the goatest

@oscarsparey5825 2 жыл бұрын

simply the goat

@alexwood4986 2 жыл бұрын

love you lad

@bilalk1965 5 жыл бұрын

GOAT

@amin8202 Жыл бұрын

Brilliant. Do you have any books I can purchase?

@68007426 3 жыл бұрын

Thank you so much, this has been very helpful! I am looking for the original source to cite, I believe the first origin source of this theory was from a textbook (based on my limited search), would you please be able to provide the origin of this theory? Thanks!

@Patrick-cq7ck 2 жыл бұрын

common sense...

@OJRB15 5 жыл бұрын

my bet is that this is coming up in Paper 1 Edexcel

@htaylor3742 5 жыл бұрын

OJRB it was in paper 1 OCR 🤷🏻‍♂️

@user-eh4fs2gg9x 4 ай бұрын

Can I kindly know the book from where we can read this concept?

@Beyonceeeee 24 күн бұрын

So excited for paper 1

@dimosk4558 2 жыл бұрын

Goat

@gunsagarpatel4583 3 ай бұрын

He’s the goat

@zk_011 3 жыл бұрын

legenddd

@harrh4528 2 жыл бұрын

I hope you have a very happy and successful life

@safwanjamil2742 2 жыл бұрын

I hope you have a very happy and successful Monday

@jasonho9724 5 жыл бұрын

Surely dynamic efficiency can coexist with contestability, as being contestable doesn’t mean sizes go smaller. Correct me if I’m wrong

@bigmanting4041 5 жыл бұрын

AFAIK Firms don't get LR SNP which is necessary

@anonymousaccount5835 5 жыл бұрын

Well kind of. Normally, in a contestable market the significant threat of entry of new firms into the market (ie- hit and run competition) acts as an incentive for firms in a contestable market to keep prices as low as possible (entry limit pricing). Supernormal profit can STILL be made however due to economies of scale still being exploited, and costs being cut, but NOT the the same extent as a pure monopoly or oligopoly.

@sohamsud3794 Жыл бұрын

🐐

@supertrainmaniac 5 жыл бұрын

Hi, was wondering how you could evaluate the allocative efficiency point?

@chalesbergca3754 5 жыл бұрын

I'd use the contestability over time evaluation point. Firms gaining patents or using anti-competitive strategies reduces contestability in the market, meaning they can return to MC=MR, which isn't allocatively efficient.

@supertrainmaniac 5 жыл бұрын

@@chalesbergca3754 thanks a lot

@TheGamingWattsit 5 жыл бұрын

How does lowering price and increasing quantity prepare the firm if the threat becomes real?

@lewisroxar3948 3 жыл бұрын

because it makes it harder for new firms to survive when they have to charge low prices and haven't yet benefitted from economies of scale in order to reduce their costs.

@nathanward4325 5 жыл бұрын

Is normal profit not where mc = mr and there is no gap between ar and ac when a line is drawn vertically upwards? Or is it different in a contestable market

@bertiecooper6698 5 жыл бұрын

The diagram is drawn on the basis that it is a monopoly, therefore it aims to operate at mc = mr the profit maximising equilibrium, however because there is a threat of competition the monopolist can change their price because they have price making power to the limit price where AR = AC and therefore making normal profits. Your thinking of normal profits in a monopolistically competitive market where new firms actually enter, its not just a threat they actually enter and reduce market share, hence why the individual firms ar curve shifts so the normal profits are made at their profit maximising output where MC = MR.

@nathanward4325 5 жыл бұрын

Bertie Cooper ahh okay thank you 👍

@willdavies969 5 жыл бұрын

how is monopolistic competition and contestable markets different?

@tamertayyareci1333 5 жыл бұрын

Because in monopolistic competition their behaviour isn't based off of other firms they still produce at mc=mr. In a contestable marker they are scared of new entrants so enact in limit pricing e.g. sales max where ac=ar

@willdavies969 5 жыл бұрын

So are in both markets, are firms price makers then?

@tamertayyareci1333 5 жыл бұрын

Yeah they will be