Chapter 16: Monopolistic Competition

Characteristics of monopolistic competition 1:40
Examples of monopolistic competition 3:11
Each firm faces a downward-sloping residual demand curve 6:34
The marginal revenue curve for a monopolistically competitive firm 9:15
How the monopolistically competitive firm chooses its quantity and price 10:28
- The firm produces the quantity where MR = MC 11:57
- The firm uses the residual demand curve to choose its price 12:14
How to show the profit for a monopolistically competitive firm 13:52
The monopolistically competitive firm has no supply curve 14:24
Profit maximization in the long-run for the monopolistically competitive firm 15:06
- How entry and exit affect the firm's residual demand curve 16:03
- Profit is driven to zero in the long-run by entry 23:34
Long-run equilibrium for a monopolistically competitive firm 32:48
Is profit equal to zero inevitable? 36:19
- Two ways the firm might be able to make profit positive again
- Try to increase the residual demand curve it faces by further differentiating its good 39:25
- Shift cost curves down by becoming more efficient 40:11
- Bar Rescue as an example of monopolistic competition 41:35
Comparing perfect competition and monopolistic competition 46:22
- The monopolistically competitive firm produces at excess capacity 49:53
- The markup over marginal cost 51:05
The incentive for monopolistically competitive firms to engage in marketing 54:51

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[@AlexAebi-ud5kn]

Learned more in 4 hours of content from you then I did in an entire semester

[@sameeianaz2290]

Hello Dr. Azevedo Loved your videos. I have met many economic teachers and no one ever explained me these graphs like you did. Thankyou so much, stay blessed and also I love pizza a lot ; thankyou for using pizza examples :p

[@sanaaqeel9627]

You’re saving my life before my college mid term. You are an angel from heavens above thank you soooooooo much

[@DrAzevedoEcon]

Happy to help! :)

[@jaymsf4503]

Great lecture. Thank you.

[@ananysinghraghuvanshi6538]

Helped me very much. Thankyou

[@kiphiujumaa2107]

Thax so much the content lecture itself is a million likes❤

[@manesargsyan9238]

Thank you!!!

[@MrSuren007]

Best lecturer ever

[@DrAzevedoEcon]

Thanks for watching!

[@harjotgill3173]

appreciable🙇‍♂️

[@addisubeshah]

if we wanna understand economics ,we have to acquire suck kind of knowledge ..... tnx a million sir 🥰 from ethiopia...' land of origin'😘

[@afroks1886]

great

[@atarshyezdivesuna8330]

Your explanation is amazing. Great prof ❤

[@DrAzevedoEcon]

Thank you! I appreciate the kind words.

[@4455682]

MUCHAS GRACIAS POR SUS VIDEOS ME SIRVEN DE MUCHO

[@DrAzevedoEcon]

De nada. Happy to help!

[@sadsapxe2]

Thank you sir❤❤ this videos teaches me more than my econ class

[@mr_ha5624]

Thank you!!!!!!!

[@DrAzevedoEcon]

You're welcome!

[@ilhamardani2004]

Great work Sir 🙌 love from Indonesia 🇮🇩

[@DrAzevedoEcon]

Thank you very much!

[@gaganverma3318]

Thankyou so much for your explanation. It's helping me a lot ☺️ sir.

[@DrAzevedoEcon]

Glad to help!

[@tusharjethi9654]

sir you are doing great

[@DrAzevedoEcon]

Thank you!

[@sundaymanali5854]

macroeconomics would be great too sir

[@richardbaranyi6384]

do you also happen to have videos with equations?:) that would be so lovely. but anyways thank you so much for your effort here.

[@DrAzevedoEcon]

Yes...take a look at the Intermediate Microeconomics playlist.

[@richardbaranyi6384]

@@DrAzevedoEcon amazing, thank you! Your videos make these things look easy. Thanks a lot. Honestly. It is great. Keep it up please :)

[@majidaden7914]

Realistically I might not! lool cus I really don't remember

[@Mp12411jsjsjssuwuwuwh]

Please post more lectures

[@sundaymanali5854]

this

[@yousufmiya8159]

Please upload class on macroeconomics...you are a legend sir...💖

[@DrAzevedoEcon]

You've seen the macro videos I have available, right? If not, click on my playlists. Thanks for the kind words!

[@muradhassen3038]

pleace continue untill the end

[@DanteTaviantzghfgh]

Would you say this course is microeconomics or macroeconomics? It seems this is more macro than micro

[@baronetkellman7444]

I’m studying this as part of a micro Econ course in uni, if that helps you at all..

[@user-em8uf5nq9h]

I really like and understand your tutorials but we could not see the writings when using phone to watch. Please if you could always increase your writing size or if there's other alternative so phone users can watch your videos 🙏

[@DrAzevedoEcon]

Unfortunately, I don't have a great solution for watching on a phone. I'll try to write bigger for future videos. Thanks for watching.