(M7E8) [Microeconomics] Long-Run Supply Curves

In this episode we argue that the market supply curve in the long run would have upward sloping (if new entry increases input prices), flat (if new entry doesn't change input prices), or downward sloping (if new entry decreases input prices).
It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.