Perfect Competition Short Run Loss/Subnormal Profit

Perfect Competition Short Run Loss/Subnormal Profit - How to draw the Perfect Competition Short Run Loss/Subnormal Profit diagram
Perfect Competition Short Run Profit - How to draw the Perfect Competition Short Run Profit diagram
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Theory Video 1) • Y2/IB 15) Perfect Comp...
Theory Video 2) • Y2/IB 16) Perfect Comp...

[@dd6103]

thank you for sharing this rlly helped!!

[@wilgroozvikomborero7640]

Thanks bro um really benefiting from you 🔥🔥🔥

[@toyosiayeni3265]

thank youu- so helpful

[@Hapilan]

Hey, can you talk about the eu referendum and how that will affect growth and so on? Thanks.

[@EconplusDal]

+Hapilan Sukumar I have a general video on the EU - check it out here kzbin.info/www/bejne/i5S7e3mvhMd7ia8

[@tg-us3hw]

Hi econplusDal, why are does the demand curve slope if all firms have a horizontal demand curve. and doesnt the firm demand curve mean that if price rises demand will fall to zero?

[@abgo2110]

that's the point, as firms in perfect competition markets have perfect information when an individual firm increases its price. Consumers will of course resort to substitutes, especially given that each firm in a perfectly competitive market produces homogenous goods. So it would be stupid for a perfectly competitive firm to increase its price higher than the entire market.

[@niharshah9746]

really helpful