Monopolistic competition and economic profit | Microeconomics | Khan Academy

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Why it is hard for a monopolisitc competitor to make economic profit in the long run
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Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
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[@kenneth7298]

Lol my professor literally couldn’t explain this in a month as well as you did in 8 mins.. beautifully explained

[@DishonoredGOD]

Professors are overrated

[@deivid01]

I´m a lawyer doing an MBA, and have an exam in microeconomics about this subject tomorrow, this was very helpfull! Thanks!

[@canyonthiess6917]

did you pass that exam?

[@moviebay3690]

@@canyonthiess6917 y do u care

[@goofed7687]

@@moviebay3690 You're stupid and I'm gonna fight you

[@DDG00]

I have my exam today,

[@ilvosio]

@@DDG00 did YOU pass?

[@egodiifemnacho8820]

It really helped a lot especially during this period of online learning. I understood it perfectly well. Thanks and keep the good work up👍🏻👍🏻😌

[@tonsabarillo]

Marginal cost in the short run is the incremental change in the variable cost for every additional unit of output. In the short run, assume that only the labor input is variable and capital is fixed. This means marginal cost (MC) is related to the marginal productivity of labor (MPL). As your per unit labor contributes less and less additional productivity, your incremental cost per unit output will necessarily increase because you'll need to hire more and more people to keep on producing. :)

[@ashxx2928]

WOW its been 10 years now! 2012!!

[@benong94]

you're like an economics god. thank you

[@mailalexjoseph]

i cant thank you enough for this video. Beautifully explained!!

[@quriositysquared1028]

Thanks a bunch, really love it!

[@tonsabarillo]

Hi Mr. Khan, I really admire your work! Just a question about this video's content: Shouldn't the vertical intercept of both MR and the D curve become lower when both curves/lines shift to the left? (It's how Pindyck and Rubinfeld graphed it in their book) :)

[@casckana]

After 4 repeats it finally made sense ^_^ thanks for the simplicity is really helped

[@mohammedabobakr6549]

me in 2021: No Sal, They achieved a monopoly in tablets Damnit, Apple did it!

[@matlanikusum.4788]

Perfectly explained. Thankyou so much:) Keep up the good work👍

[@ratankirti3185]

sir, why is the AR or demand curve not becoming more elastic i.e flatening out with the entry of new firms?

[@ttkia]

I was wondering about that too. Though I've been taught this way

[@itsmeyash9830]

2012 yt video aged well

[@artpolo1867]

thank you ,you are like my second lecturer

[@emmajustrandom584]

how would the graph look like if the price increases in a monopolistic competition?

[@Tom_M]

brilliant - subscribed

[@msksthansen]

Extremely well explained!

[@dalina0018]

thanks. it helps me alot

[@nicklusardi]

when bro said sitting here in 2012 I tweaked

[@nealixd.3011]

Very good lesson, thanks.

[@CarolinMueller]

awesome video! very clear and helpful.

[@Gmudi]

I think this was very understanding!

[@ahmedkhalil1053]

That was Fire !! keep it up man !!

[@venjaminschuster2797]

I do love khan academy so much!

[@Sourajit16]

HTC ! Those old days. 11 years and Khan Academy has no competitors. A MONOPOLIST Angel

[@oi-qq9sm]

thank you so much.

[@noralm24]

i really love this guy

[@markkrikelis7093]

Very helpful video. What software are you using to draw the graphs and write accurately? I am assuming it would something like a usb connected surface?

[@bluemager1]

this was so helpful thankyou very much! liked and subscribed :D

[@moisesmeguiso6714]

ITS REALLY COMPETITIVE.

[@jamie18573]

Thank a lot

[@Eman81569]

I don`t understand why when the demand curve was shifted to the right it still had the same starting point on the horizontal axis? Why it was not shifted as it is, and consequently that starting point would be different. Any help, please?

[@jamie18573]

My mid term is tomorrow, this video help a lot LOL

[@canyonthiess6917]

did you pass?

[@wakkawakka9465]

hi, love your videos. I have a question about rent in monopolistic competition. say that a firm want to rent its hall to several food provider. how much rent the firm could earn? can you explain a bit about this. thank you

[@ms.makaveli5416]

I can't believe this is In 2012. I was only 11, now I'm 21 in college.

[@GanstaCatCT]

if only kirk was this good

[@TanyaradzwaMutimbanyoka]

2024 and we are here❤

[@zaidradwan4000]

I have a test in economics tomorrow

[@KuribohPWNS]

why would it not shift to equilibrium at any point in time?

[@krin5506]

Nice

[@Funkaaaay]

you've got a point o_O

[@LaureanoLuna]

03:06 I'm inclined to think ATC should intersect MC where MC intersects Demand. Where MC intersects Demand would lie the perfect competence equilibrium with no economic profit: MC=P = ATC. Or what am I missing?

[@domlee5902]

Laureano Luna I know this is an old comment but maybe someone still needs an answer. For a monopolistic competitor to be in long-run equilibrium, ATC must intersect demand directly above MR=MC, and this will NOT be it’s lowest point. Here, the firm will be making a normal profit.

[@thesixthsense1]

Super like..

[@anson9213]

wouldnt the new demand curve in the long run be more elastic though

[@nthperson]

What about the market for land and land-like assets with an inelastic supply curve? In any region of the world some portion of the available supply of land is not available because of topography. Some is set aside by public policy for parks and recreation, for roads and public infrastructure. Privately held land is almost everywhere held by a small percentage of the population, particularly when land value is the test. Is this not a circumstance of a market plagued by monopolistic pressures?

[@saraswathisaras825]

I don't know Wat is elastic and inelastic??

[@123axel123]

stupid: why would the MC go up when apple sends more ipads????

[@erfanallahham6396]

Watching in 2022

[@kyh6767]

samsung now has higher market share lol

[@darweenlink5211]

I see some of the professors disliked the video

[@vishnuvardhan_me1892]

HTCs out of business now.

[@nissarali8788]

Demand curve should shift then slope remains the same and only intercept changes. You have done the opposite...

[@user-bn5wi7pr3i]

It is 2023 and apple is still making profit.....

[@furkankaraslan9040]

olm ben ybs sunumu hazırlıyordum buraya nasıl geldim