I wasted 3 hours staring at my reading materials only to discover that this video explained the same thing in 8 mins. This channel's a lifesaver. Subbed
Thanks for a great explanation to a topic, where there wasn't a good explanatory video in German! Just one remark. Assuming 100 firms produce 7,325 output it's roughly 70 per firm, not 700.
Hello, first of all, thank you for these amazing videos. So helpful! I've however ran into a problem which is bothering me and i hope you can help. After getting the demand function for the Dominant firm QD = 40,000 - 125P , to get its TR function, i multiplied the QD function by P, since TR = Q*P. So the TR function of the Dominant firm became TR = 40,000P - 125P^2. When i plug into the values we got for P and QD i.e P = 265 and QD =6,875 into TR = 40,000P - 125P^2, I get the same answers as plugging them into your TR function of TR= 320QD -0.008QD^2. Now here comes the problem; getting the MR for each of those two TR functions by differentiation (one with respect to P and the other QD) gives different answers. At first i thought getting MR by differentiating TR with respect to P was wrong, but then i saw you use it in another video i.e Oligopoly Bertrand competition with differentiated goods. So, my question is: Why are the MR functions giving different values yet the TR functions are giving the same values? Thank you so much! I hope you respond...
Thank you for your videos. very helpful. Grateful if you could help me on these: 1. In your price leadership/dominant market example, how will i get the minimum price in the price leadership oligopoly? 2. How will i get the profit of both dominant firm and competitive fringe? Thank you.
You saved ma life for my economics exam. GOD BLESS YOU AND YOUR WORK
I wasted 3 hours staring at my reading materials only to discover that this video explained the same thing in 8 mins. This channel's a lifesaver. Subbed
Thanks for a great explanation to a topic, where there wasn't a good explanatory video in German!
Just one remark. Assuming 100 firms produce 7,325 output it's roughly 70 per firm, not 700.
Thank you for watching. Yes, I misspoke at the end of the video about the 700 firms--the output should be approximately 70 units per firm.
My TA actually recommended us to watch this video before tomorrow's exam if we still had doubts, and this is very well explained, so thank you a lot!
Your an inspiration, i appreciate your videos and your attention to detail!
Hello, first of all, thank you for these amazing videos. So helpful!
I've however ran into a problem which is bothering me and i hope you can help.
After getting the demand function for the Dominant firm QD = 40,000 - 125P , to get its TR function, i multiplied the QD function by P, since TR = Q*P. So the TR function of the Dominant firm became TR = 40,000P - 125P^2.
When i plug into the values we got for P and QD i.e P = 265 and QD =6,875 into TR = 40,000P - 125P^2, I get the same answers as plugging them into your TR function of TR= 320QD -0.008QD^2.
Now here comes the problem; getting the MR for each of those two TR functions by differentiation (one with respect to P and the other QD) gives different answers.
At first i thought getting MR by differentiating TR with respect to P was wrong, but then i saw you use it in another video i.e Oligopoly Bertrand competition with differentiated goods.
So, my question is: Why are the MR functions giving different values yet the TR functions are giving the same values?
Thank you so much! I hope you respond...
very helpful! thank you!
You are welcome!
Thank you for your videos. very helpful. Grateful if you could help me on these:
1. In your price leadership/dominant market example, how will i get the minimum price in the price leadership oligopoly?
2. How will i get the profit of both dominant firm and competitive fringe?
Thank you.
You are the greatest! Thanks
thumbs up dude
best explanations dude :D
Please explain how can I find the "Small Firms Lerner Index".
W channel
How you get the price equation???
most questions TC is not given... only MC is given. does it matter?
Thanks a lot
thank u
thanks guru :)
Dont you mean on your first slide market demand for small firms. Or are you assuming that demand equals supply?
its dominat and model not daaaaminant and maaaadel