By itself this does not help in many careers. But understanding these models helps develop a thinking framework that allows to better navigate the world. For example if you are a policy maker, you would need to decide rules that will allow for more firms to participate, or rules that give subsidies/incentives for first movers etc. Understanding what repercussions your decisions will have is important.
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Thank you so much for this simplified explanation
Extremely helpful and clear.
Lol...just to pass your exam, right?? :)
Fantastic explanation 👍
Well.. very lively explaination😊
Thank you sir for this 😊😊😊
Where is the follow-up video about efficiency in monopolistic competition?
Nicely explained
Which career does all these stuff leads to...aside academia. Not sure if real businesses draw these curves or have data to draw these curves.
By itself this does not help in many careers. But understanding these models helps develop a thinking framework that allows to better navigate the world.
For example if you are a policy maker, you would need to decide rules that will allow for more firms to participate, or rules that give subsidies/incentives for first movers etc. Understanding what repercussions your decisions will have is important.
I have finally understood
Nice presentation. Are you writing in the other way or mirror image is given back with technology?
Same doubt here 😂
wondering the same thing
Very well explained
mechal
Hi