So happy to...to have had a flashback of your video on Edgworth Box. AND so happy to see that you still share great content for Econ students ! :D Bravo madame!
These two phenomena singlehandedly debunk the notion that monopolies only occur when the government intervenes. They make larger companies more efficient which then allows them to outcompete smaller companies, eventually getting into a monopoly/oligopoly position. A truly free market will thus always abolish itself.
@@AshleyHodgson all good thanks anyway, have you made any content on aspects of game theory? Particularly learning curves or any of Fudenberg and Tiroles work? Examining their models for my diss
Of the Principles of Economics textbooks I've used, I like Karlan and Morduch best. smile.amazon.com/Economics-Dean-Karlan/dp/1260566064/ref=sr_1_1?crid=3IGRLG0HLPAIY&keywords=principles+of+economics+karlan+morduch&qid=1675424493&sprefix=principles+of+economics+karlan+morduch%2Caps%2C101&sr=8-1&ufe=app_do%3Aamzn1.fos.006c50ae-5d4c-4777-9bc0-4513d670b6bc
