Oligopolies and monopolistic competition | Forms of competition | Microeconomics | Khan Academy

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Thinking about different markets that are in-between monopolies and perfect competition
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Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
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Nora Green did you get your degree?

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I will never forget this... Explanation... It is fantastic..

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[@skl5532]

That’s a Brilliant explanation Sir. You can remember this graph and you’ll know what the 4 Terms means based on the examples. Thank you.

[@PhobiaPhobo]

@Khanacademy Just throwing this out. Poly does not come from sellers... it comes from "many" as in "Poly-gon"= Many sides or "Polyethylene"="One of many polymers of ethylene". I guess it would make more sense to think of "Mono-Poly" to be "One taking over Many"

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That is a ridiculously great description. I'm going to use this in my exam . Thanks

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My teacher is great, one of the best at my university but man just now it all clicked for me. Thanks!

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now i think i can be a teacher to my lecturer

[@DinkerTinker1]

So, the sum of it all is: find an area where you make your money in an oligopoly like atmosphere and avoid the rest? If you want to look at it from an entrepreneurial stand-point, that is. This is kind of like thinking about only entering areas where there is a high entrance level. Or, if the entrance level is low, have legislators increase the entrance level and position yourself on the right side of the fence. Great video.

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I always get something great from your training. Thank you so much.

[@riyaramkissoon]

good explanation of market structures

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Thank you so much for this! :)

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first to watch, like, and comment. beat that. Hey khan. great videos. i wouldnt have passed algebra without you

[@cassimsaib910]

good explanation. thank you

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what kind of program or app do you use to do your writing for your videos, its very clear and steady. do you use an ipad and pen? or something else. thanks.

[@gorybliss6650]

I play monopoly often

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Thank you, thank you, for the video, the video. Really helped, really helped.

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Do some more stats! I want to find out about how experimental studies analyze their data and hope that set of videos gets finished

[@tharkidoctor844]

Thanks

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Brilliant teacher!

[@zebaali2529]

branded computers should come in differentiated oligoply?

[@EgadsNo]

Funny how monopolies always come about through regulation, be it from outside sources (government) or internally as business models. Regulation is a double edged sword for the consumers and producers. Good job demonstrating which side benefits who ;) Funny how bailouts and subsidies also root in regulation- but more often one sided...

[@Chadmlad]

Could you do another video about this? Loved your explanation but I feel like theres more room to explore these concepts

[@faeinthebay]

Interesting to see how "branded computers" would now be a better example as "branded smartphones". Similar display panels, identical Snapdragon chips, and Android versions but different skins and features. And now Sony has backed out of the computer market and spun off Vaio into its own smaller company.

[@KrunalRindani]

That's called being intelligent...

[@BlastOfAwesome]

Haha you sound like Phil from Modern Family. But very helpful video! Thanks!

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Phil Dunphy

[@zaidradwan4000]

Very Nice sir

[@dulcetoosweet3680]

can someone please hep me! I'm really confused, which firm would be unable to generate long run economic profit due to economic luck?

[@jameswinter]

thanks. fun to watch. nb - typo in title

[@junereybaladhay5233]

How do firms operating under four different types of market structures such as pure competition, monopolistic competition, monopoly, and oligopoly achieve their profit-maximizing price and output objectives?

[@Schaschlik345]

I'm not sure I understood your question correctly but since the market structure is tied to a product/service, price and output should be calculated individually as well.

[@Melthornal]

@EgadsNo Controlling the only available supply chain = monopoly. That has nothing to do with regulation.

[@adiamaheshwari5032]

Stopped at 6:16 (for my reference)

[@gocrazy432]

How is that even possible? Unless you have patents which are enforced, on everything up until the raw material and substitutes.

[@Melthornal]

If there is only one supply chain, and you control it, how can anyone else compete?

[@gocrazy432]

"Not nessesarily" Can you show how?

[@mrhnm]

@kuzzlenuzzle I am what American Libertarians want to be when they grow up.

[@mrhnm]

@JakDerrida Monopolies don't exist without someone using force, whether that force is in the form of government thugs or other criminals.

[@pugopilis]

Differentiation not d'frentiation

[@JakDerrida]

@EgadsNo "Funny how monopolies always come about through regulation, be it from outside sources (government) or internally as business models." What does this even mean?? I don't see how it's funny that monopolies always result from either internal or outside sources because those are the only 2 types that can exist.

[@omarabouchamat3049]

Exam in 2 days, wilililil

[@Victor78239]

This guy sounds like Bob Belcher's cousin lol

[@riyaramkissoon]

monopolistic competition --> monopoly over brand ~~~how i see it

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I think i can lecture now

[@mohammedalqahtani4618]

please try to explain slowly.

[@mngunisimelane7819]

Im writing in 2 hrs

[@nlo13]

@mrhnm 8:17

[@chenzhang8539]

so。。。monopoly is low differentiation？

[@alvintung6552]

ya

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you are a, *L E G E N D*

[@yeungeddie]

LAST

[@mrhnm]

Isn't monopolistic competition an oxymoron...

[@PhobiaPhobo]

@TheCreativeElitist mah bad

[@dylanfox116]

Why, why, why do you repeat your self after each word? Once is enough!!

[@goldensilverstar]

Lol what the fucking kind of name is that for a topic?

[@tetecheri7058]

am i the only one left confused after this???? because i feel like i had a better understanding before this and now my mind has too much information