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Micro Unit 4 Summary- Imperfect Competition
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Why do I charge money to watch some of my videos?
Making econ videos is my full-time job. Although I do make ad revenue, it doesn't come anywhere close to covering my opportunity cost. I have already made six "free" summary videos covering more than half the course. If you like my videos and want to watch the rest of this video please get the Ultimate Review Packet. I would really appreciate it.
Why is this video 29 minutes long?
This video is the same length as the complete version because I wanted you to know that the full version exists. It's just like many of the games and apps that you buy. They often show you content and upgrades that are unavailable unless you decide to pay for them.
*Before you dislike, ask yourself if you really dislike my videos or if you are just upset that you can't free ride.
The complete version of this video covers everything you need to know about monopolies, governmnet regulation (fair return and socially optimal), price discrimination, monopolistic competition, oligopolies, game theory, and the kinked demand curve model. Unit 4 focuses on the theory of the firms and is one of the most difficult units. It requires you to put everything together, including things that you learned in Unit 3 like cost curves, profit maximization, and efficiency. Getting the review packet will definitely help you get it. Thanks for watching.
Making econ videos is my full-time job. Although I do make ad revenue, it doesn't come anywhere close to covering my opportunity cost. I have already made six "free" summary videos covering more than half the course. If you like my videos and want to watch the rest of this video please get the Ultimate Review Packet. I would really appreciate it.
Why is this video 29 minutes long?
This video is the same length as the complete version because I wanted you to know that the full version exists. It's just like many of the games and apps that you buy. They often show you content and upgrades that are unavailable unless you decide to pay for them.
*Before you dislike, ask yourself if you really dislike my videos or if you are just upset that you can't free ride.
The complete version of this video covers everything you need to know about monopolies, governmnet regulation (fair return and socially optimal), price discrimination, monopolistic competition, oligopolies, game theory, and the kinked demand curve model. Unit 4 focuses on the theory of the firms and is one of the most difficult units. It requires you to put everything together, including things that you learned in Unit 3 like cost curves, profit maximization, and efficiency. Getting the review packet will definitely help you get it. Thanks for watching.
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