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
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.
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.
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.
Just a quick question: you know all these new economics videos that Sal is uploading to RU-vid? 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 ..
