Y2 13) Perfect Competition

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  • Опубликовано: 30 янв 2025

Комментарии • 172

  • @amyxmil
    @amyxmil 9 месяцев назад +131

    I felt my heart rate increase when I understood why perfectly competitive firms earn supernormal profits in the short run but not in the long run

    • @lillyidk1358
      @lillyidk1358 9 месяцев назад +4

      same😭

    • @qwertymehta8342
      @qwertymehta8342 8 месяцев назад +5

      Do you have the AQA exam next week? 😭

    • @lillyidk1358
      @lillyidk1358 8 месяцев назад

      @@qwertymehta8342 yes😔😔😔😔

    • @soundeffecthub5179
      @soundeffecthub5179 8 месяцев назад

      @@qwertymehta8342yup

    • @Homosamuel
      @Homosamuel 8 месяцев назад +1

      ​@@qwertymehta8342 now it's tomorrow ;-;

  • @emilyyi2250
    @emilyyi2250 5 лет назад +409

    you are. literally. the. best. Econ. teacher. in. the. whole. damn. world. ILY dude

    • @devd.chatterjee5725
      @devd.chatterjee5725 4 года назад +34

      that's how desperate us Eco students are

    • @codydylan6042
      @codydylan6042 3 года назад

      i guess im asking randomly but does someone know of a tool to get back into an instagram account?
      I was dumb forgot the password. I would appreciate any tricks you can give me.

    • @brentleycorey3765
      @brentleycorey3765 3 года назад +1

      @Cody Dylan Instablaster :)

    • @codydylan6042
      @codydylan6042 3 года назад

      @Brentley Corey I really appreciate your reply. I got to the site thru google and Im waiting for the hacking stuff now.
      Takes quite some time so I will reply here later with my results.

    • @codydylan6042
      @codydylan6042 3 года назад

      @Brentley Corey it did the trick and I actually got access to my account again. I am so happy!
      Thanks so much you saved my ass!

  • @cmilli193
    @cmilli193 4 года назад +186

    A PhD's three hours' lesson(my teacher) is not as good as a ten mins' video on the RUclips !
    You are really the best Economics teacher I have met so far ! Thumb up!

  • @bhavculleechurn2326
    @bhavculleechurn2326 5 лет назад +202

    This feels like watching Bob Ross paint "We get this *lovely* box"

  • @redlethargicdevil
    @redlethargicdevil 2 месяца назад +4

    man deserves an award for making eco a level so easy to understand

  • @bharathr6029
    @bharathr6029 4 года назад +48

    The Best Economics sir. I hated economics and thanks to you sir, it has become easy to learn these concepts and the theory behind them. Hats off sir.

  • @LindaAndrews-ly1qf
    @LindaAndrews-ly1qf 10 месяцев назад +7

    1. PRICE TAKERS horizontal line
    2. AC Curve below AR as it is supernormal
    3. Profit max = mc=mr

  • @servantofallah8029
    @servantofallah8029 3 года назад +50

    Your videos ARE SO GOOD. You are saving my A-Levels mate.

  • @zaidali5660
    @zaidali5660 2 года назад +31

    Helped me get A* in A level and watching it again in master's. Best teacher for economics

    • @thesnackbandit
      @thesnackbandit Год назад

      What did you do for your bachelor's?

    • @zaidali5660
      @zaidali5660 Год назад +1

      @@thesnackbanditstudied Bachelor's of Accounting. Did not need to watch it for economics course in Bachelor's since everything was fresh in my mind.

    • @thesnackbandit
      @thesnackbandit Год назад

      @@zaidali5660 👍

    • @Zainali-jk3ij
      @Zainali-jk3ij Год назад +1

      What would you recommed to do to get an a star in a level econ (apart from econplusdal). I'm sitting my exams this may :).

    • @JosephPremium-fz9ep
      @JosephPremium-fz9ep 8 месяцев назад +1

      @@Zainali-jk3ijaired. Enjoy dat tomorrow

  • @top10ig0
    @top10ig0 3 года назад +5

    I think that Sir explain this concept so much easier than my university Professor.
    They make it so much easier to understand to a beginner in Econ.

  • @hansikarautela9839
    @hansikarautela9839 Год назад +2

    Thankyou so much. These videos are incredibly helpful. Love that you tell the trick to draw the diagrams efficienctly too. You are doing god's work. LITERALLY.

  • @orneipshita883
    @orneipshita883 5 месяцев назад

    U and Adil sir are literally the best eocnomics teacher and no other can surpass you both

  • @kimiportero8675
    @kimiportero8675 4 года назад +1

    The best economics teacher on youtube

  • @nogs1656
    @nogs1656 5 лет назад +56

    That one dislike.. f whoever did that

  • @angelnoronha453
    @angelnoronha453 4 года назад +10

    YOU ARE THE BEST ECONOMICS TEACHER EVER!!! LOVE YOU MAN 💞💞

  • @educationalaccount9838
    @educationalaccount9838 4 года назад +2

    Best economics teacher in the world!!!!

  • @yatharthmaheshwari2904
    @yatharthmaheshwari2904 3 года назад

    you are honestly the best econ teacher ive ever come across

  • @alisharizwan6060
    @alisharizwan6060 Год назад +1

    i have my economics exam in 2 days and this helped so much!!

  • @veikoshitaleni9619
    @veikoshitaleni9619 3 года назад +1

    This Teacher is the best, i love watching his videos .

  • @riasatazim514
    @riasatazim514 4 года назад +1

    Best videos on the internet regarding the topics. Best of luck !

  • @caspianmesbahi1665
    @caspianmesbahi1665 2 года назад

    Best economics video I've seen to date! Appreciate it!

  • @kieranmcglade8446
    @kieranmcglade8446 3 года назад +8

    The 16 people that disliked only watched this video, did no practice, and then got mad about their 4

  • @sammieremix4964
    @sammieremix4964 Год назад +2

    I need you to come write my economics paper for me !!! You are too good !!! Enjoyed the lecture as usual ❤. Thanks

  • @HandrianPeiter
    @HandrianPeiter 6 месяцев назад +1

    This dude has supernormal profit for long run. Thanks

  • @simonbrewer4817
    @simonbrewer4817 5 лет назад +3

    one of your best yet !

  • @taneishqmuhunthan6224
    @taneishqmuhunthan6224 5 лет назад +1

    thank you so much! you have no idea how much this helped!!!

  • @brucewillisvonhinten1417
    @brucewillisvonhinten1417 5 лет назад +28

    Hi econplusdal, it would be highly appreciated if you can do exactly the same video on monopolistic competition, oligopoly and monopoly :)

    • @akrypto9
      @akrypto9 5 лет назад +13

      He has already

  • @ayushkumar-wq5rl
    @ayushkumar-wq5rl 5 лет назад +4

    So clear and easy to understand. Gave me a 100% clarity of thought!. Thanks....

  • @UmarDoesEconomics
    @UmarDoesEconomics Год назад

    eval for perfect competition : PC is a theoretical concept made up by economists and is seen nowhere it the real world , question wether this model is even applicable / should be spoken about due to no credit IRL , and is the total opposite of a monopoly . Hope this helped !

  • @miazhang5866
    @miazhang5866 5 лет назад +3

    Thanks a lot Dal, you saved my life lol

  • @KathySakala
    @KathySakala 4 часа назад

    So you so much the lesson was so clear 😊

  • @Himawari-jk5rz
    @Himawari-jk5rz 3 года назад +1

    You explained it in a very simple way thank you so much!!

  • @vaishnavisurnam5719
    @vaishnavisurnam5719 5 лет назад +2

    Thank you dal, You are wonderful💖

  • @richasingh9527
    @richasingh9527 3 года назад +2

    This was such an amazing lecture. Thank you

  • @unbeatablemindset000
    @unbeatablemindset000 2 месяца назад +1

    You are great

  • @mathildatingemar6725
    @mathildatingemar6725 2 года назад

    EconplusDal, I love you.

  • @vaishnavidubey2611
    @vaishnavidubey2611 4 года назад +1

    You are so clear on the topic
    Thank you sir👍🏻

  • @adamfn5171
    @adamfn5171 2 года назад

    you're such a legend

  • @plizzy6844
    @plizzy6844 3 года назад

    It all makes sense now😩 thanks babes

  • @austinwachira5185
    @austinwachira5185 2 года назад +1

    Nice one Dal! Thanks!

  • @alikaazzahra6678
    @alikaazzahra6678 3 года назад

    you're the best teacher

  • @beckbock1420
    @beckbock1420 Год назад +1

    god im such a nerd. Love this!

  • @petermutakila994
    @petermutakila994 7 месяцев назад

    You are the best I salute you 🙏

  • @yahyahussain8266
    @yahyahussain8266 5 лет назад

    The work rate is 🔥 7 hour Workshop at my school and then a video the next day 👏

  • @alicepetrusinskaya5260
    @alicepetrusinskaya5260 3 года назад

    THANK YOU SO MUCH!!! You are really the best!

  • @arsenalfc9510
    @arsenalfc9510 3 года назад

    What a stunning graph

  • @jafferraza1724
    @jafferraza1724 2 года назад

    I have a 20 mark test tmw and I dont know this at all. Lets hope Econplusdahl can save me

  • @aravshah7449
    @aravshah7449 2 года назад +1

    I LOVE U MAN

  • @mahfuzahmed971
    @mahfuzahmed971 3 года назад

    this is the unhappiest ive ever been at school before.

  • @khadimarashid1937
    @khadimarashid1937 3 года назад

    You are wonderful man.....thanks alot ...may God bless uh...

  • @nab1632
    @nab1632 2 месяца назад

    Literally wow

  • @wuzupholmes11
    @wuzupholmes11 3 года назад

    greates of all time lets go!!!

  • @ngodenzel1887
    @ngodenzel1887 4 года назад +1

    I understand the process.thanks a lot.

  • @0Izabella
    @0Izabella 4 года назад +2

    Yes, you are literally writing my essay for me :D

  • @trinityhamied
    @trinityhamied Год назад

    your content is amazing

  • @mfonessien2962
    @mfonessien2962 5 лет назад +5

    why would it be such a bad idea to reduce price in a perfectly competitive market

    • @netayconnection6236
      @netayconnection6236 5 лет назад +1

      They will make a loss because Average Cost is more than Average Revenue. This causes a economic loss in the short run.

    • @lerx5799
      @lerx5799 5 лет назад

      You make a loss and can't continue to supply at this price without shutting down.

    • @jeremydavids9853
      @jeremydavids9853 4 года назад

      In the long run, firms in a perfectly competitive market make normal profit which is the minimum level of profit in order to survive in the long term. Decreasing price will simply mean the firm doesn't make normal profit and has to shut down.

  • @joeljacob2234
    @joeljacob2234 4 года назад +1

    That was wonderful!

  • @AlmightyIsOne
    @AlmightyIsOne 9 месяцев назад

    For perfect competition: average revenue, AR=(PxQ)/Q=P=MR and profit=TR-TC= (AR-AC) x Q

  • @hellieb85
    @hellieb85 4 года назад +1

    You're amazing!

  • @sbzulu7183
    @sbzulu7183 Год назад

    Well explained ❤😊

  • @Disha358
    @Disha358 4 года назад +1

    Sir ..there is question that how the perfect competition is measured profit and losses without using average cost curve?

  • @Britonomics
    @Britonomics 2 года назад

    my goat

  • @kylejulius9596
    @kylejulius9596 2 года назад

    He’s a master!

  • @markb07
    @markb07 Год назад

    Decent Video!!

  • @janenelisafreitas6071
    @janenelisafreitas6071 10 месяцев назад

    You are a guru

  • @lyca42069
    @lyca42069 3 года назад

    u are amazing tysm i love u

  • @petermutakila994
    @petermutakila994 7 месяцев назад

    May you live long

  • @firmandjoyfullearning5954
    @firmandjoyfullearning5954 3 года назад

    Good thank you. Here I have explained Economics concepts in Malayalam. All are welcome

  • @kodeekoder2772
    @kodeekoder2772 5 лет назад +1

    i want a piece of that pi !!!

  • @MahamYasir-l5v
    @MahamYasir-l5v 9 месяцев назад

    Thank you sooo sooo muchhh

  • @adamfn5171
    @adamfn5171 Год назад +2

    i want a peice of your pie Mr dal 4:53

  • @farazahmed3887
    @farazahmed3887 3 года назад

    Hello, thank you for all the wonderful videos, in this video at 5:42 you refer to a diagram you had shown before, could you please point out which diagram / video is that, TIA.

  • @alistairdickson9477
    @alistairdickson9477 3 года назад +1

    Hi Mr Pegg!

  • @kindred.spirit
    @kindred.spirit 4 года назад +1

    THANK YOU

  • @azj77
    @azj77 2 года назад

    without monopoly they can't be dynamically efficient so market cant progress because no money to reinvest, monopoly solves that

  • @kashiawan2787
    @kashiawan2787 4 года назад

    Reason behind the shape of cost curve in both markets( perfect and imperfect markets ya smja dain

  • @carolescreperiethetropical6332
    @carolescreperiethetropical6332 4 года назад +1

    Thank you very much, I truly appreciate your support :)

  • @umarhc
    @umarhc 2 года назад

    do we need to know about subnormal profits (AQA) I've not been taught it

  • @amelia7161
    @amelia7161 4 года назад

    THANK YOU SO MUCH

  • @sophielee9380
    @sophielee9380 Год назад

    thank you!!

  • @charlottedrnovsky
    @charlottedrnovsky 3 года назад

    thank you so much !!!

  • @archiewoodhouse6509
    @archiewoodhouse6509 5 лет назад +1

    life saver

  • @ezaraoshogwe6259
    @ezaraoshogwe6259 2 года назад

    you are so helpful

  • @FlynnMegaTensei
    @FlynnMegaTensei 11 месяцев назад

    Is this good for the IB course in 2024 for Economics?

  • @guilhermecharrua3901
    @guilhermecharrua3901 5 лет назад +2

    What does the c stand for in the diagrams?

    • @aynociz
      @aynociz 5 лет назад +2

      costs... so mc= marginal costs , ac=average costs

    • @georgetracey926
      @georgetracey926 5 лет назад +6

      ur fucked

    • @fr-it6iw
      @fr-it6iw 5 лет назад +5

      man's gonna get a D in economics

    • @eliopalombi
      @eliopalombi 4 года назад +1

      @@fr-it6iw I got predicted 7 in IB econ and I didn’t know what c stood for so stfu

  • @humza20o12
    @humza20o12 5 лет назад +4

    Would you recommend doing the 25 marker first in the AS exam?

    • @sabinaxox8269
      @sabinaxox8269 5 лет назад +2

      Well it would be something I would do

    • @atcampbell123
      @atcampbell123 5 лет назад +3

      Humza20O1 no because you’ll end up spending too much time on the 25 marker trying to make it perfect then missing time for quick multiple choice questions. If you’re running out of time on the 25, then just make sure you put in some eval even if you haven’t finished the analysis because it is level marked and you’ll get maximum of 6 marks with no eval.

  • @JattTayaraa
    @JattTayaraa 5 лет назад +2

    Please give tips for alwvel p4

  • @ric6383
    @ric6383 Год назад

    Many thanks.

  • @bihansaliyanage7545
    @bihansaliyanage7545 Год назад

    Deiyek bro

  • @Jason-gb9dv
    @Jason-gb9dv 2 месяца назад

    What does x efficient mean in the conclusion

  • @sumanchowdhury6162
    @sumanchowdhury6162 2 года назад

    Q1,Q2,Q3,Q4 they all haven't different quality. Please explain, Q4 profit max position. But Q1,Q3 ?...

  • @josephcrayston5012
    @josephcrayston5012 2 года назад +1

    I love you

  • @champo8541
    @champo8541 2 года назад

    Is this the same wit business studies ?

  • @vishalbeeki5235
    @vishalbeeki5235 2 года назад

    thank u genius

  • @fysonelton9384
    @fysonelton9384 2 года назад

    well explained

  • @messyfrenzy4589
    @messyfrenzy4589 5 лет назад +5

    I my exams tomorrow and I have a feeling I am going to write MC is equal to Emma 😂

  • @Rover800Coupe
    @Rover800Coupe Год назад +1

    Is this degree or A-level? M.

    • @user-jx8xf2pk5c
      @user-jx8xf2pk5c Год назад +1

      Did an A-level lesson on this today; guessing it is A-level content. Seems too straightforward for degree.

  • @praisebotha5123
    @praisebotha5123 5 лет назад

    THANKS VERY MUCH

  • @PAHart-dg8bl
    @PAHart-dg8bl 5 лет назад

    Does anyone know why price is equal to demand which is equal to marginal revenue and average revenue? I know that it has to do with the fact that it is perfectly elastic, but I'm not sure

    • @TheAwkwardTalker
      @TheAwkwardTalker 5 лет назад +4

      1. Price = Average Revenue
      2. Because firms take the market equilibrium price and can't deviate from it, the AR = MR (seeing as the revenue from each extra unit sold will be the same as price)
      3. Price = MR
      4. Demand simply shows that at each price, how much quantity will be demanded.
      5. AR=MR=D

  • @jason-os3jg
    @jason-os3jg 5 лет назад +4

    econPLUGdal