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Introduction to Perfect Competition 

Economicsfun
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Visual introduction on the concept of perfect competition. Tutorial includes discussion on profit, lost, marginal cost, average total cost and variable cost. This topic is typically taught in microeconomics.
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• Perfect Competition

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1 авг 2024

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Комментарии : 167   
@radhapatel8288
@radhapatel8288 7 лет назад
I spent literally 8 hours studying this from my econ textbook and you still explained it better in 8 minutes
@badooral-holibi2281
@badooral-holibi2281 5 лет назад
me too
@shristibaranwal796
@shristibaranwal796 4 года назад
Me too
@aumnamahshivaya6086
@aumnamahshivaya6086 3 года назад
Ncert aaa??
@yera1otag
@yera1otag 3 года назад
I actually recommend this one to my students, it is more efficient :)
@katesithole8629
@katesithole8629 2 года назад
I can relate...
@christinahyman216
@christinahyman216 6 лет назад
This video perfectly explained Perfect Competition in less than 10 mins. Thank you!
@ruchigoley329
@ruchigoley329 5 лет назад
Sir I am an Indian and your pronunciation is so good that I could understand your lecture very interestingly and carefully. Thank you
@vincentkayijuka7603
@vincentkayijuka7603 5 лет назад
Great use of graphs to simplify concepts that look very difficult in textbooks. I hope you do the same for the main economic concepts. Kudos!
@sinamen516
@sinamen516 5 лет назад
omg thank you!! the struggle has been real but this was so clarifying, thank you!!
@lindawisebear
@lindawisebear 9 лет назад
You explain everything so clearly and succintly - keep doing what you're doing because it is SO HELPFUL!
@economicsfun
@economicsfun 9 лет назад
Linda Zhang Thanks for that Linda. Good luck in your classes too. Hopefully you will like, share, subscribe, If you get a chance could you please like our FB page. www.FaceBook.Com/PartyMoreStudyLess It will help others find the videos.
@jurkevichegor2944
@jurkevichegor2944 9 лет назад
After all these hours reading lectures and watching khan-academy i found a perfect explanation of the topic at your channel, nice job!
@economicsfun
@economicsfun 9 лет назад
Jurkevich Egor Dang, I do appreciate your comment. Thanks for taking the time to write me and let me know. Good luck in your studies.
@DannyMLT
@DannyMLT 11 лет назад
Im in my 3rd year degree from LSE (london school of economics) .. I find the text book write such simple analysis in the most complicated way's... Your videos are enough for me that I did not need to attend any lectures... Honestly.. spot on ! Thanks so much .... Just another point, maybe you could have drawn the Industry demand & supply curves and how they link to the Individual curves, could make the explanation easier to understand :) Thanks again !
@Siouxjin
@Siouxjin 11 лет назад
Holy smoke! Great video, thank you economicsfun and God bless the internet!
@FinialPops
@FinialPops 11 лет назад
Thanks for your videos! I'm using them to study for my Economics midterm.
@MeLoveParisHilton
@MeLoveParisHilton 12 лет назад
Thanks for the videos, had 1 day to learn whole course and you really helped :)
@rogermichaeltx
@rogermichaeltx 12 лет назад
Very clear explanations and graphs! Thanks!
@heraclischristofi7228
@heraclischristofi7228 10 лет назад
Thanks for the tour. Was very helpful and understandable.
@hamidb6344
@hamidb6344 4 года назад
This is a great and simplified explanation. very helpful. Thank you very much
@Vc-pq1nf
@Vc-pq1nf 10 лет назад
just logged in to say a massive thank!!!!
@SamirHossain1191
@SamirHossain1191 9 лет назад
Finally an explanation worth listening to and understandable. Thank you so much.
@economicsfun
@economicsfun 9 лет назад
Samir Hossain Thanks for that. I appreciate that you took the time to write me. I spend a lot of hours working on the videos, so it is nice to hear they are useful. Good luck in your studies.
@SamirHossain1191
@SamirHossain1191 9 лет назад
I liked the way you've represented everything required to understand the concept of perfect competition in a sequential order. That made things far less complicated than the faculty who taught me in the university. And you're welcome Sir :)
@economicsfun
@economicsfun 11 лет назад
Great to hear and I appreciate the feedback.
@domenica369
@domenica369 10 лет назад
This helped me understand so much better!
@VicSMeIsTeR
@VicSMeIsTeR 5 лет назад
Great, you have my sincere "Thank-you"!
@deniel1215
@deniel1215 6 лет назад
This video is really helpful!Thank you so much!!
@souechea1078
@souechea1078 10 лет назад
these videos very helpful and understandably rather than study with my non-experience teacher. Thanks for these video
@Mhiltzify
@Mhiltzify 12 лет назад
Thanks a lot, learning from this material is lot more easier... keep it up!!
@seddiqaredha1562
@seddiqaredha1562 5 лет назад
Thank you great presentation , may I ask you what program did you use to illustrate the topic?
@spare8332
@spare8332 2 года назад
You've just earned a subscriber!!! 🔥🔥❤️
@AsgharKhan-fd1ul
@AsgharKhan-fd1ul 12 лет назад
I love ur Calculus methodology. please post more videos
@haiyentran9768
@haiyentran9768 15 дней назад
thank gods, finally i understand why produce at P=MR =MC is max profit. thank you a lot, My worthy 8 mins
@Childrensmathes
@Childrensmathes 4 года назад
All my doubts clarified.I will give you 100 out of 100.Thank you very much.P Siva Rao.India.
@angelinalim780
@angelinalim780 10 лет назад
Oh my god I actually understand.
@NikaMM89
@NikaMM89 11 лет назад
Thank you so much! Very clear explanation!
@economicsfun
@economicsfun 12 лет назад
@shinenot More to come! Appreciate the feedback.
@muhammadazamreshad1108
@muhammadazamreshad1108 3 года назад
Which program are you using for movment of lines of graph Please tell me
@amabohenry5153
@amabohenry5153 4 года назад
Simple , clear and concise.
@tehaniaedirisinghe6682
@tehaniaedirisinghe6682 9 лет назад
Thank you so much for this. Helps a lot
@ManojMishra-sr6hn
@ManojMishra-sr6hn Год назад
Very nice n attractive teaching with clear concepts to the learner . It is good step for you as well as learners . Continue with the same spirit . 👌👍
@adeeep
@adeeep 4 года назад
I can't thank you enough you are genius
@abdullahiabdulkareem4844
@abdullahiabdulkareem4844 Год назад
God bless you 💯💯❤❤❤ I love explanations. Understand more better now
@Keezie27
@Keezie27 7 лет назад
Geesh, I am studying for my final, which is a few days away. I wish I had found this earlier but I am finding these videos very helpful! This is the first time I feel like I understand Economics. I was feeling so hopeless before. Now, I think I might have a chance to do okay on the exam.
@retro527
@retro527 7 лет назад
I failed my first midterm. I feel like shit. But I'm trying my best to understand Econ as much as I can :( College sucks.
@mohamedabdullahi1081
@mohamedabdullahi1081 6 лет назад
Retro Controller dude how are you doing now?
@SharanuEconomics222
@SharanuEconomics222 6 лет назад
Nice and perfect explanation about out put Determination in perfect competition market Thank you Sir I like Your explanation style
@Avante123able
@Avante123able 10 лет назад
Simply Awesome!!! Thanks a ton!
@kamarazali253
@kamarazali253 9 лет назад
thank , may god bless you ! it help a lot !
@shakthithanush
@shakthithanush 4 года назад
Very clear explanation.... Thank you so much...
@economicsfun
@economicsfun 11 лет назад
Great to hear... I am building website that is much easier to navigate than RU-vid. I am working on a series of videos on Consumer Theory and will include some discussion on how demand curves are built -- good idea.
@Hollylovesbeauty7
@Hollylovesbeauty7 9 лет назад
Where have you been all semester? Watching your videos and preparing for my final. Great video!
@economicsfun
@economicsfun 9 лет назад
Hollylovesbeauty7 Happy you found my channel before your semester ended. Hopefully you will like, share, subscribe, If you get a chance could you please like our FB page. www.FaceBook.Com/PartyMoreStudyLess It will help others find the videos.
@economicsfun
@economicsfun 11 лет назад
I added a link to the playlist in the video description. This should help you.
@ramitachaurasiya6823
@ramitachaurasiya6823 4 года назад
The way of making this video is awesome can you please tell me the name of software you have used for this video?
@uluvmycrazymind07
@uluvmycrazymind07 7 лет назад
You make reading graphs seems so easy!!!
@shristibaranwal796
@shristibaranwal796 4 года назад
It helped me a lot.. thank you very much😄
@kiml255
@kiml255 9 лет назад
Thanks so much for these videos! They are truly helping with my online economics class so much and improved my scores. So glad I found these, Thanks again!
@economicsfun
@economicsfun 11 лет назад
You are very welcome. I have maintained that economics lends itself to animation.
@jaitehkaba8753
@jaitehkaba8753 6 лет назад
Much better than my Econ prof.
@economicsfun
@economicsfun 11 лет назад
While the tag line is "party more study less" the idea is to help students do something other than study. It could me rock more study less, dance more study less... so on and so forth. Make sure you like MyBookSucks on FaceBook, you can see the link in the video description. This will help me spread the word about the educational videos.
@giovannaporcino
@giovannaporcino 10 лет назад
This is awesome!!
@jonnyboi5963
@jonnyboi5963 8 лет назад
if i want to cite a reference from an article or book, is there any suggestions where i can find ,
@umibrahim3564
@umibrahim3564 4 года назад
Awesome explanation on RU-vid
@panchamirai3903
@panchamirai3903 4 года назад
Thank you so much sir 🙏 your video really helped me
@mainulislam22
@mainulislam22 5 лет назад
Awesome! Loved it 😍
@serinacat4781
@serinacat4781 6 лет назад
very clear, wise I could see this earlier
@drallisimo34
@drallisimo34 8 лет назад
great lesson!!!
@FreshTown15
@FreshTown15 11 лет назад
Great Video, very well made
@berkcoskun7671
@berkcoskun7671 9 лет назад
so helpful. Thanks
@junaidshaikh5513
@junaidshaikh5513 5 лет назад
incredible teaching..
@shinenot
@shinenot 12 лет назад
Wow, great video! Keep it up!
@user-vy6pz4lg3x
@user-vy6pz4lg3x 10 лет назад
that's good, helpful and useful !
@mdsiam9687
@mdsiam9687 5 лет назад
Yeh now I get understand. Thank you so much
@economicsfun
@economicsfun 11 лет назад
You are very welcome from Kansas City, USA! I have been to Italy many many times. Great to hear that my videos are helping Italians. Make sure you like MyBookSucks on Facebook (see link in the video description). This will help Italians and others find the educational videos. Ciao, a presto. Grazie!
@meenakshivaish5057
@meenakshivaish5057 6 лет назад
Very nice video sir , thank you so much
@MIbtehajKhan
@MIbtehajKhan 6 лет назад
i think you should be my teacher, AWESOME SIR!!!!
@xxczerxx
@xxczerxx 5 лет назад
So AVC is only relevant to (short term) shut-down decisions?
@PradeepChandy
@PradeepChandy 10 лет назад
this is grreat. Which software do you use?
@sabinamulalambuka3065
@sabinamulalambuka3065 4 года назад
Excellent tutor👌👍
@akngumus3933
@akngumus3933 5 лет назад
I signed in to thank you.
@szekeing904
@szekeing904 4 года назад
Thanks a lot, bcuz of u totally understand😍
@bhopapandu8300
@bhopapandu8300 5 лет назад
I try to share this video more and more it helpfull
@AaliyaKhan
@AaliyaKhan 12 лет назад
THANKS! A HUGE ONE!
@AaliyaKhan
@AaliyaKhan 12 лет назад
If there is a constant marginal cost per unit for the producer, he sells any amount of goods provided the price per unit is the given MC or more, yes?
@noxarsa6846
@noxarsa6846 5 лет назад
the video helps a lot but the perfect market doesnt make economic profit, only normal profit in the long run. please correct me if im mistaken
@hammerhead19able
@hammerhead19able 9 лет назад
Awesome!! Thank you! Very helpful!
@economicsfun
@economicsfun 9 лет назад
Thor Hamm You are very welcome! Hopefully you will like, share, subscribe, If you get a chance could you please like our FB page. www.FaceBook.Com/PartyMoreStudyLess It will help others find the videos.
@ri5876
@ri5876 4 года назад
Thank you so much!
@nusratanj7196
@nusratanj7196 10 месяцев назад
How can i distinguish the accounting profit and Economic profit from this curve?
@umerwajahat5772
@umerwajahat5772 4 года назад
This video was so fucking good. Concept cleared!!
@hennyg9366
@hennyg9366 6 лет назад
It's a bit fast but it really makes sense, thanks!
@daughterdiary
@daughterdiary 9 лет назад
this really very good video. thank you very much
@economicsfun
@economicsfun 9 лет назад
Kazi Md. Nurul Karim You are very welcome. If you get a chance like on FB (www.FaceBook.Com/PartyMoreStudyLess), share, like the videos, and subscribe. It helps others find the videos.
@mollym5253
@mollym5253 6 лет назад
THANK YOU SO MUCH !
@shebeerahammed123
@shebeerahammed123 2 года назад
what's the name of the software have you used for creating this video
@Sparks29857
@Sparks29857 9 лет назад
Thank you so much, your video was very clear and concise. One question though, why does the MR curve become negative? How do you make a negative revenue?
@economicsfun
@economicsfun 9 лет назад
Scrippy Chicken It is the change in revenue that is negative. That would mean a decreasing revenue not a negative revenue. Make sense?
@Sparks29857
@Sparks29857 9 лет назад
Economicsfun Yes, thank you very much!
@RakeshKumar-zx7ot
@RakeshKumar-zx7ot 4 года назад
which app you have used to describe this topic?
@pranavmhaske8607
@pranavmhaske8607 3 года назад
GREAT MAN
@shubhamchouhan2418
@shubhamchouhan2418 4 года назад
Thanks a lotttttt brother.
@giomedina5960
@giomedina5960 10 лет назад
kickass video
@economicsfun
@economicsfun 10 лет назад
Thanks appreciate that.
@economicsfun
@economicsfun 11 лет назад
Well, thank you misspumpkin for such a nice compliment. Make sure you like MyBookSucks on FaceBook. This will help others find the educational videos (see video description for link).
@economicsfun
@economicsfun 11 лет назад
Thank you very much! Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.
@RosaliaFotolela
@RosaliaFotolela 8 лет назад
Perfect work...very useful
@economicsfun
@economicsfun 8 лет назад
+Rosalia Fotolela Thank and your words are much appreciated. Hopefully you can like and share the videos so other students can find them.
@PRABHATP77
@PRABHATP77 9 лет назад
This is a very good video. Thank you. Could you please let me know which software you used to make this video?
@economicsfun
@economicsfun 9 лет назад
Prabhat P I use a lot of different software including adobe flash, illustrator, final cut, garage band and a few others. Each minute of video takes about 8 hours to put together.
@TheWeirdologist
@TheWeirdologist 7 лет назад
I admire your dedication! You've helped thousands of students worldwide.
@yevgeniyafedotova7218
@yevgeniyafedotova7218 6 лет назад
really helpful!
@economicsfun
@economicsfun 11 лет назад
Thank you very much.
@LuyandaNkosi-vo9tg
@LuyandaNkosi-vo9tg 3 месяца назад
The explanation in point forma
@cashphattichaddi
@cashphattichaddi 10 лет назад
Brilliant!! Loved those (explanations of the) curves... :-p
@meronapaw
@meronapaw 6 месяцев назад
This is super.
@nklpapa1
@nklpapa1 8 месяцев назад
Excellent 👌
@SibandiMubita
@SibandiMubita 3 месяца назад
Good explanation
@ZainKhan-xy7hi
@ZainKhan-xy7hi 7 лет назад
You are far better than I must say the best compare to other clowns here who are jst desperate for like hits and counting time on videos that how quickly they can explain the material . Real teacher is the one who thinks from student perspective which you realy did rather than be fast and flip through power point slides and explaining in 60 seconds. You are genuinely trying to help students please keep up good work god bless.
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