Micro: Unit 4.7 -- Monopolistic Competition

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Review the key characteristics of monopolistic competitors
- Discuss how monopolistically competitive firms are "price makers"
- Explain why monopolistic competitors use non-price competition
- Investigate how monopolistic competitors are inefficient in the long-run
- Define excess capacity and how it proves monopolistically competitive firms
are productively inefficient
- Describe how low barriers to entry make it easy for firms to enter and exit
the industry
- Analyze how monopolistically competitive firms break even in the long-run
Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video:
www.teacherspayteachers.com/P...
Follow our store on Teachers Pay Teachers
www.teacherspayteachers.com/S...
Look for us on Social Media:
Instagram -- / youwillloveh. .
Facebook -- / youwilllovehi. .
Subscribe to our KZbin Channel:
/ youwillloveeconomics
Check out our website for teaching tips and insight from us- sites.google.com/view/you-wil...

[@lolubusi2022]

Thank you for making videos again. You're awesome 🙂

[@md.fahimshahriar725]

keep doing please your videos really helps