Introduction to Perfect Competition

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  • เผยแพร่เมื่อ 28 ธ.ค. 2024

ความคิดเห็น •

  • @radhapatel8288
    @radhapatel8288 8 ปีที่แล้ว +155

    I spent literally 8 hours studying this from my econ textbook and you still explained it better in 8 minutes

  • @jurkevichegor2944
    @jurkevichegor2944 9 ปีที่แล้ว +1

    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 ปีที่แล้ว +1

      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.

  • @ruchigoley329
    @ruchigoley329 6 ปีที่แล้ว +1

    Sir I am an Indian and your pronunciation is so good that I could understand your lecture very interestingly and carefully. Thank you

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว +2

    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.

  • @lindawisebear
    @lindawisebear 9 ปีที่แล้ว +3

    You explain everything so clearly and succintly - keep doing what you're doing because it is SO HELPFUL!

    • @economicsfun
      @economicsfun  9 ปีที่แล้ว +1

      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.

  • @vincentkayijuka7603
    @vincentkayijuka7603 5 ปีที่แล้ว +4

    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!

  • @christinahyman216
    @christinahyman216 7 ปีที่แล้ว +2

    This video perfectly explained Perfect Competition in less than 10 mins. Thank you!

  • @economicsfun
    @economicsfun  13 ปีที่แล้ว +2

    @shinenot More to come! Appreciate the feedback.

    • @muhammadazamreshad1108
      @muhammadazamreshad1108 3 ปีที่แล้ว

      Which program are you using for movment of lines of graph
      Please tell me

  • @haiyentran9768
    @haiyentran9768 5 หลายเดือนก่อน +1

    thank gods, finally i understand why produce at P=MR =MC is max profit. thank you a lot, My worthy 8 mins

  • @SamirHossain1191
    @SamirHossain1191 9 ปีที่แล้ว +19

    Finally an explanation worth listening to and understandable. Thank you so much.

    • @economicsfun
      @economicsfun  9 ปีที่แล้ว +3

      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 ปีที่แล้ว

      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 :)

    • @User-zq9ic
      @User-zq9ic หลายเดือนก่อน

      @@economicsfun 9 years later and your saving me before my midterm, thank you for your hard work!

  • @Keezie27
    @Keezie27 8 ปีที่แล้ว +1

    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 8 ปีที่แล้ว

      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 7 ปีที่แล้ว

      Retro Controller dude how are you doing now?

  • @economicsfun
    @economicsfun  11 ปีที่แล้ว +3

    I added a link to the playlist in the video description. This should help you.

  • @DannyMLT
    @DannyMLT 11 ปีที่แล้ว

    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 !

  • @sinamen516
    @sinamen516 6 ปีที่แล้ว +3

    omg thank you!! the struggle has been real but this was so clarifying, thank you!!

  • @YoriNguyen-i3g
    @YoriNguyen-i3g หลายเดือนก่อน +1

    Dam! Easier to understand than hearing my teacher for 1 hour and a half :))

  • @Siouxjin
    @Siouxjin 12 ปีที่แล้ว +2

    Holy smoke!
    Great video, thank you economicsfun and God bless the internet!

  • @Childrensmathes
    @Childrensmathes 4 ปีที่แล้ว

    All my doubts clarified.I will give you 100 out of 100.Thank you very much.P Siva Rao.India.

  • @angelinalim780
    @angelinalim780 10 ปีที่แล้ว +20

    Oh my god I actually understand.

  • @Vc-pq1nf
    @Vc-pq1nf 11 ปีที่แล้ว +4

    just logged in to say a massive thank!!!!

  • @abdullahiabdulkareem4844
    @abdullahiabdulkareem4844 ปีที่แล้ว

    God bless you 💯💯❤❤❤
    I love explanations. Understand more better now

  • @souechea1078
    @souechea1078 10 ปีที่แล้ว

    these videos very helpful and understandably rather than study with my non-experience teacher. Thanks for these video

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว

    You are very welcome. I have maintained that economics lends itself to animation.

  • @Hollylovesbeauty7
    @Hollylovesbeauty7 9 ปีที่แล้ว

    Where have you been all semester? Watching your videos and preparing for my final. Great video!

    • @economicsfun
      @economicsfun  9 ปีที่แล้ว

      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.

  • @seddiqaredha1562
    @seddiqaredha1562 5 ปีที่แล้ว +1

    Thank you great presentation , may I ask you what program did you use to illustrate the topic?

  • @economicsfun
    @economicsfun  11 ปีที่แล้ว

    Great to hear... I am building website that is much easier to navigate than TH-cam. I am working on a series of videos on Consumer Theory and will include some discussion on how demand curves are built -- good idea.

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว +1

    Great to hear and I appreciate the feedback.

  • @ManojMishra-sr6hn
    @ManojMishra-sr6hn 2 ปีที่แล้ว

    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 . 👌👍

  • @economicsfun
    @economicsfun  11 ปีที่แล้ว +3

    Thank you very much!
    Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

  • @hamidb6344
    @hamidb6344 5 ปีที่แล้ว

    This is a great and simplified explanation. very helpful. Thank you very much

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว

    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!

  • @amabohenry5153
    @amabohenry5153 4 ปีที่แล้ว +1

    Simple , clear and concise.

  • @AsgharKhan-fd1ul
    @AsgharKhan-fd1ul 12 ปีที่แล้ว

    I love ur Calculus methodology. please post more videos

  • @ramitachaurasiya6823
    @ramitachaurasiya6823 5 ปีที่แล้ว

    The way of making this video is awesome can you please tell me the name of software you have used for this video?

  • @FinialPops
    @FinialPops 12 ปีที่แล้ว

    Thanks for your videos! I'm using them to study for my Economics midterm.

  • @SharanuEconomics222
    @SharanuEconomics222 7 ปีที่แล้ว

    Nice and perfect explanation about out put Determination in perfect competition market
    Thank you Sir I like Your explanation style

  • @AaliyaKhan
    @AaliyaKhan 12 ปีที่แล้ว

    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?

  • @economicsfun
    @economicsfun  11 ปีที่แล้ว +1

    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).

  • @MeLoveParisHilton
    @MeLoveParisHilton 13 ปีที่แล้ว

    Thanks for the videos, had 1 day to learn whole course and you really helped :)

  • @domenica369
    @domenica369 10 ปีที่แล้ว

    This helped me understand so much better!

  • @heraclischristofi7228
    @heraclischristofi7228 10 ปีที่แล้ว +1

    Thanks for the tour. Was very helpful and understandable.

  • @PradeepChandy
    @PradeepChandy 11 ปีที่แล้ว

    this is grreat. Which software do you use?

  • @rogermichaeltx
    @rogermichaeltx 12 ปีที่แล้ว

    Very clear explanations and graphs! Thanks!

  • @xxczerxx
    @xxczerxx 5 ปีที่แล้ว

    So AVC is only relevant to (short term) shut-down decisions?

  • @RakeshKumar-zx7ot
    @RakeshKumar-zx7ot 4 ปีที่แล้ว

    which app you have used to describe this topic?

  • @jonnyboi5963
    @jonnyboi5963 9 ปีที่แล้ว

    if i want to cite a reference from an article or book, is there any suggestions where i can find ,

  • @shebeerahammed123
    @shebeerahammed123 3 ปีที่แล้ว

    what's the name of the software have you used for creating this video

  • @kiml255
    @kiml255 9 ปีที่แล้ว +1

    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!

  • @VicSMeIsTeR
    @VicSMeIsTeR 6 ปีที่แล้ว +1

    Great, you have my sincere "Thank-you"!

  • @shubhamchouhan2418
    @shubhamchouhan2418 4 ปีที่แล้ว +1

    Thanks a lotttttt brother.

  • @adeeep
    @adeeep 5 ปีที่แล้ว

    I can't thank you enough you are genius

  • @Mhiltzify
    @Mhiltzify 13 ปีที่แล้ว

    Thanks a lot, learning from this material is lot more easier... keep it up!!

  • @ZainKhan-xy7hi
    @ZainKhan-xy7hi 8 ปีที่แล้ว

    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.

  • @shakthithanush
    @shakthithanush 5 ปีที่แล้ว

    Very clear explanation.... Thank you so much...

  • @PRABHATP77
    @PRABHATP77 9 ปีที่แล้ว

    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 ปีที่แล้ว +3

      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 8 ปีที่แล้ว

      I admire your dedication! You've helped thousands of students worldwide.

  • @Sparks29857
    @Sparks29857 9 ปีที่แล้ว

    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 ปีที่แล้ว

      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 ปีที่แล้ว +1

      Economicsfun Yes, thank you very much!

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว

    Thanks for the feedback. Make sure you like MyBookSucks on Facebook. You can see the direct link in the description of the video.

  • @nusratanj7196
    @nusratanj7196 ปีที่แล้ว

    How can i distinguish the accounting profit and Economic profit from this curve?

  • @uluvmycrazymind07
    @uluvmycrazymind07 8 ปีที่แล้ว +2

    You make reading graphs seems so easy!!!

  • @shristibaranwal796
    @shristibaranwal796 4 ปีที่แล้ว

    It helped me a lot.. thank you very much😄

  • @umibrahim3564
    @umibrahim3564 4 ปีที่แล้ว

    Awesome explanation on TH-cam

  • @panchamirai3903
    @panchamirai3903 4 ปีที่แล้ว

    Thank you so much sir 🙏 your video really helped me

  • @jaitehkaba8753
    @jaitehkaba8753 6 ปีที่แล้ว

    Much better than my Econ prof.

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว

    Wonderful to hear and your feedback is much appreciated.
    Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

  • @MIbtehajKhan
    @MIbtehajKhan 7 ปีที่แล้ว

    i think you should be my teacher, AWESOME SIR!!!!

  • @deniel1215
    @deniel1215 6 ปีที่แล้ว

    This video is really helpful!Thank you so much!!

  • @noxarsa6846
    @noxarsa6846 5 ปีที่แล้ว

    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

  • @adwiseconsulting
    @adwiseconsulting 5 ปีที่แล้ว

    Awesome! Loved it 😍

  • @sabinamulalambuka3065
    @sabinamulalambuka3065 5 ปีที่แล้ว

    Excellent tutor👌👍

  • @tehaniaedirisinghe6682
    @tehaniaedirisinghe6682 10 ปีที่แล้ว

    Thank you so much for this. Helps a lot

  • @RosaliaFotolela
    @RosaliaFotolela 9 ปีที่แล้ว

    Perfect work...very useful

    • @economicsfun
      @economicsfun  9 ปีที่แล้ว

      +Rosalia Fotolela Thank and your words are much appreciated. Hopefully you can like and share the videos so other students can find them.

  • @hammerhead19able
    @hammerhead19able 9 ปีที่แล้ว +1

    Awesome!! Thank you! Very helpful!

    • @economicsfun
      @economicsfun  9 ปีที่แล้ว

      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.

  • @FreshTown15
    @FreshTown15 12 ปีที่แล้ว

    Great Video, very well made

  • @daughterdiary
    @daughterdiary 9 ปีที่แล้ว

    this really very good video. thank you very much

    • @economicsfun
      @economicsfun  9 ปีที่แล้ว

      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.

  • @serinacat4781
    @serinacat4781 7 ปีที่แล้ว

    very clear, wise I could see this earlier

  • @aigulzhaparova12
    @aigulzhaparova12 4 ปีที่แล้ว

    God save such people as you

  • @NikaMM89
    @NikaMM89 12 ปีที่แล้ว

    Thank you so much! Very clear explanation!

  • @shinenot
    @shinenot 13 ปีที่แล้ว

    Wow, great video! Keep it up!

  • @meenakshivaish5057
    @meenakshivaish5057 6 ปีที่แล้ว

    Very nice video sir , thank you so much

  • @christiantedja4456
    @christiantedja4456 10 ปีที่แล้ว

    Why is MR a straight line?

  • @junaidshaikh5513
    @junaidshaikh5513 6 ปีที่แล้ว

    incredible teaching..

  • @bhopapandu8300
    @bhopapandu8300 5 ปีที่แล้ว

    I try to share this video more and more it helpfull

  • @umerwajahat5772
    @umerwajahat5772 5 ปีที่แล้ว

    This video was so fucking good. Concept cleared!!

  • @giomedina5960
    @giomedina5960 10 ปีที่แล้ว +7

    kickass video

    • @economicsfun
      @economicsfun  10 ปีที่แล้ว +1

      Thanks appreciate that.

  • @hennyg9366
    @hennyg9366 7 ปีที่แล้ว

    It's a bit fast but it really makes sense, thanks!

  • @muhammadazamreshad1108
    @muhammadazamreshad1108 3 ปีที่แล้ว

    How can i make a line moving
    to show to my students clearly
    please sir tell me

  • @szekeing904
    @szekeing904 4 ปีที่แล้ว

    Thanks a lot, bcuz of u totally understand😍

  • @Avante123able
    @Avante123able 11 ปีที่แล้ว

    Simply Awesome!!! Thanks a ton!

  • @nklpapa1
    @nklpapa1 ปีที่แล้ว

    Excellent 👌

  • @kamarazali253
    @kamarazali253 10 ปีที่แล้ว

    thank , may god bless you ! it help a lot !

  • @周炜-b2z
    @周炜-b2z 10 ปีที่แล้ว

    that's good, helpful and useful !

  • @JosePereira-im8yn
    @JosePereira-im8yn 12 ปีที่แล้ว

    jose, please post more videos

  • @giovannaporcino
    @giovannaporcino 11 ปีที่แล้ว

    This is awesome!!

  • @mdsiam9687
    @mdsiam9687 6 ปีที่แล้ว

    Yeh now I get understand. Thank you so much

  • @drallisimo34
    @drallisimo34 9 ปีที่แล้ว

    great lesson!!!

  • @akngumus3933
    @akngumus3933 5 ปีที่แล้ว

    I signed in to thank you.

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว

    Thank you very much.

  • @berkcoskun7671
    @berkcoskun7671 10 ปีที่แล้ว +2

    so helpful. Thanks

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว

    Appreciate the feedback. Make sure you Like MyBookSucks Facebook fan page. I post funny videos about uni life and other nonsense like my Freshman Student ID.

  • @hercules-atlas
    @hercules-atlas 3 ปีที่แล้ว

    Amazing👏

  • @economicsfun
    @economicsfun  12 ปีที่แล้ว

    Appreciate that! Make sure you like MyBookSucks on FaceBook (see link in video description). This will help me spread the word about the educational videos.