Sir we can not say like this that larg num of firm or seller becous this Is the condition of perfect competition so here in monopolistic competition there is few firm or countable firm becous monopolistic copetition is the sum or monopoly and perfect competition if we say that there is larg nun of seller so it become perfect.if I am right then answer me in comment thankew so much and its so helpul
For Perfect competition there are two requirements; 1, large numbers of buyers and sellers 2, identical product. Monopolistic competition does not fulfill the 2nd condition as each firm has its own identity (brand). Within that brand it could be monopoly but since there exist close substitutes it has competition.
Monopolistic by definition is the market form in which there are many firms. What I tried to explain the process that when a new firm enters it shares the profit. If it is shirt run new firm does not enter, so if there are already many firms there will be normal profit if only few firms were operating it was oligopoly (in the short run) and if there was only one firm it will remain monopoly if it is short run. Sort run and long run fo not define the firm of the market but indicate what freedom is available to producer with respect to its various components of cost.
The day after tomorrow is my Economics exam and it helped me out, u make this topic so easy for me. Thumbs up👍 Thankyou and looking forward to learn more from you.
What happened to 3-phase delta configuration of transformer when any one of the phases is opened due to the fault. Also, explain a brief operation along with the appropriate phasor diagra
Video was very helpful sir! I have another doubt that why we take marginal cost in second/third degree price discrimination as horizontal straight line?
@@EZClassesfaghsa no He is saying that you looks confused in your own while teaching which makes the viewer more confused and stops them to watch your videos fully Please take a thorough revise before shooting a video It will help you to say the things clearly and without stopping while teaching and it will reduce your problem of making mistakes and thn coreect them
Mashallah you are very great👍
Thank u so much sir... Ur videos are very useful to understand the subject
Keep watching
Very nice explaination
Keeping watching
Thank you! God bless you ✝️
You are so welcome
Nice explanation sir superb👏👏👏👏
Keep watching
great explanation sir, keep going
Thanks for watching my videos
Sir, short run barrier nahi hai kya.
Informative class sir.....
Keep watching
Thanks 👍😊
Welcome 😊
Is monopoly price always higher than monopolistic price? How is it compared?
Thank you sir, ❤️
Thank you sir for the video 😊
Keep watching
Sir plzz tell
Is it compulsory for AR curve to touch Y axis .
Thnks, cleared my many doubts
Glad to hear that
Best teaching sir ji 🙏 teach in hindi also
Allah bless u sir - Long Live - 🙏
Thanks
Sir what about long run and short run?
You are great sir 👌
MY PLEASURE
Sir I have my exam on 29th sept and I have to just revise all these chapters all over again...wish me luck sir
All the best
Classes thank u sir
thanks
welcome
Very awesome class sirrr
Thanks and welcome
Sir we can not say like this that larg num of firm or seller becous this Is the condition of perfect competition so here in monopolistic competition there is few firm or countable firm becous monopolistic copetition is the sum or monopoly and perfect competition if we say that there is larg nun of seller so it become perfect.if I am right then answer me in comment thankew so much and its so helpul
For Perfect competition there are two requirements; 1, large numbers of buyers and sellers 2, identical product. Monopolistic competition does not fulfill the 2nd condition as each firm has its own identity (brand). Within that brand it could be monopoly but since there exist close substitutes it has competition.
Thanks Sir
Welcome
Sir give some examples of monopolistic market
Garments industry, foot wear
@@EZClassesfaghsa thank you sir
I could be much better if said the merits and demerits of monopolistic competition
Thq Sir. Good explanation..
Thanks
Really great teaching 🤘
Thanks
In short run the other firms will not affect then why the profit washed out?
Monopolistic by definition is the market form in which there are many firms. What I tried to explain the process that when a new firm enters it shares the profit. If it is shirt run new firm does not enter, so if there are already many firms there will be normal profit if only few firms were operating it was oligopoly (in the short run) and if there was only one firm it will remain monopoly if it is short run. Sort run and long run fo not define the firm of the market but indicate what freedom is available to producer with respect to its various components of cost.
Nice
Thanks
thank you sir
Most welcome
The day after tomorrow is my Economics exam and it helped me out, u make this topic so easy for me. Thumbs up👍
Thankyou and looking forward to learn more from you.
All the best for your Exam
What happened to 3-phase delta configuration of transformer when any one of the phases
is opened due to the fault. Also, explain a brief operation along with the appropriate phasor
diagra
Well explained
Keep watching
Sir please upload the baumols portfolio theory
i will
Video was very helpful sir!
I have another doubt that why we take marginal cost in second/third degree price discrimination as horizontal straight line?
Sir hindi me video banavo
Sir ji aap confuse bahut hai .
Will you please point out as to where is the confusion.
@@EZClassesfaghsa no
He is saying that you looks confused in your own while teaching which makes the viewer more confused and stops them to watch your videos fully
Please take a thorough revise before shooting a video
It will help you to say the things clearly and without stopping while teaching and it will reduce your problem of making mistakes and thn coreect them
Stop saying "aaan aaan aaan" in each and every line.
Very much distracting.
Thanks for pointing out
Pls use Hindi language for Hindi medium student
Now I am uploading videos in both the languages.
Thank you sir
Welcome