Long run supply curve in constant cost perfectly competitive markets | Microeconomics

Long run supply curve in constant cost perfectly competitive markets | Microeconomics | Khan Academy

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5 жыл бұрын

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A constant cost industry is an industry where each firm's costs aren't impacted by the entry or exit of new firms. Learn about the difference between the short run market supply curve and the long run market supply curve for perfectly competitive firms in constant cost industries in this video.
AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.
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Пікірлер: 8

@TheMrsMane 3 жыл бұрын

Thank you! I love you

@nancyshadwani5306 3 жыл бұрын

Very well explained!! ❤️👍

@yma8330 3 жыл бұрын

Thanks for your video! It is very clear. Super like it. I have a little question about the total profit at the second equilibrium point. The total profit should be: (the price P' - the average cost at the intersect point of ATC curve and Q=Q') × quantity Q'. Isn't it? Please correct me if I made a mistake. Thanks! :)