Price-Output Determination under Oligopoly | Long Run and Short Run |

[@adityapareek4102]

awsm...very easy to understand & nice way of teaching

[@muneeshd6875]

Very informative.. the spoke person has immense knowledge about the subject.

[@EdupediaWorld]

+muneesh d Thanks once again Muneesh, You comments are really encouraging and a source of strength for us to keep going. We provide free videos on different subjects. Help us reach more and more viewers.

[@EdupediaWorld]

+muneesh d Thanks Muneesh, for all your encouragements. Comments from viewers like you helps us keep going. We provide free educational videos for the benefits of learners. Help us reach more and more people.

[@aks5663]

I have no words for you mam because I'm very confused but right now i cleaned this confusion

[@chinmaycm9697]

Thank you for your lesson.

[@sathyasathya3113]

Thank you so much mam. ♥️ This was very useful. 😇

[@bhavanakyasa]

Thanks a lot mamm♥️♥️♥️ this helped me in my SEM exam 😘

[@EdupediaWorld]

You are Welcome Bhavana Sweetie. We are glad our video was helpful to you. You can visit our channel and watch more such videos choosing from a collection of around 6000 videos in 100s of different subjects: kzbin.info/door/6E97LDJTFJgzWU7G3CHILwplaylists?shelf_id=0&sort=dd&view=1 Alternatively browse through our website www.edupediaworld.com and watch the video you want to learn. Watch, Share and Stay Tuned. Best Wishes and Happy learning.

[@sumerakhan4149]

Thankyou, helped me a lot!

[@EdupediaWorld]

Welcome, Stay Tuned more such videos coming up!

[@khushboobharunt6500]

Mam thank you for the video❤️ I have one question mam,does the marginal cost curve cuts the marginal revenue where marginaal revenue is constant?

[@akshadbawa9778]

it can cut anywhere , the thing is in between the point where the MR is constant , there is the occurrence of price rigidity, the price and quantity does not change with a chance in MC curve, this is because all the firms are apprehensive of changing the prices and starting a price war, its better to show oligopoly equilibrium through the constant prices condition when the AR or demand curve and MR is more elastic, a change in MC will cause a small change in price and a high change in quantity when the AR and MR are less elastic the price change will reflect only a small change in quantity

[@akshadbawa9778]

i did not understand one thing, why would a firm leave the market in the long run if its earning supernormal profits? If theres interdependency and price rigidity others firms can also not make the other firms leave by increasing prices or capturing there market completely ? Can someone explain this?

[@Lady87812]

She never said they would leave the market if they are earning supernormal profit in the long run. What she said, was that in the long run they are earning a supernormal profit and a normal profit same as in the short run. However when a loss is earned in the Shortrun, in the long run the firm earning the loss would leave the market and so the other firms would be able to earn their profit. Therefore in the long run firms only earn supernormal profit and normal profit. While in the short run they are able to earn supernormal profit, Norma profit and losses.

[@kunalluthra2394]

Mam please make a video on pricing Technics

[@chalikasampathkumar5699]

thank you so much

[@EdupediaWorld]

You are Welcome, do share the video and subscribe to our channel for more such educational videos.

[@LondonPhD]

The way you draw the MR curve is wrong, it should continue until it reaches the quantity corresponding to the kink, and drop vertically and then continue on an angle again.

[@ruchishivammishra]

yeah a bit incorrect, the fall should continue beyond the kink, but the explanation provided is perfectly correct, and the mistake can be attributed to free hand drawing.

[@chinmaycm9697]

it's a free hand drawing ,so such mistakes are avoidable .

[@naveedsayed7565]

Right

[@EdupediaWorld]

+Naveed sayed Naveed its really encouraging for us to see that you like our videos. Do share with your friends, so that they benefit from it.