CFA® Level I Economics - Characteristics of Market Structure

Characteristics of Market Structure:
Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly
This is an excerpt from our comprehensive animation library for CFA Level I candidates. For more materials to help you ace the CFA Level I Exam, head on down to prepnuggets.com.

[@limitlesssarah355]

Thank you so much for this video and it's absolutely clear explanation and examples.

[@psithurismx]

it's very well explained and easy to understand, thank you.

[@jzsoriano989]

Thank you for making this video it helps me a lot mostly to my report. .it short but clearly explained

[@King-provost]

Thank you for this great explanation of various market structures

[@hannatorrefranca2952]

thank you so much for this video. Well explained, so detailed.

[@PrepNuggets]

Glad it was helpful!

[@KennethSibuta-jj1ix]

Thank u very much for the lecture

[@NgobiDenis-c6h]

Well explained 🎉🎉🎉🎉🎉🎉❤❤

[@jamesnjoroge8081]

very well summurised and understood,thanks alot for the information.

[@amlhamed5887]

Thank you so much for this video

[@PrepNuggets]

You are so welcome!

[@eruafc]

Very well explained, thank you.

[@FariraisheChinembiri]

So simple thank you

[@Ka-socio]

Thanks for the very precise explanation.

[@patrickmwanza4135]

Thank you.

[@JacksonLebarleiya-ke9zt]

Thank you very important

[@PrepNuggets]

You are welcome

[@bob820]

where does monopsony and contestable markets fall in the line?

[@mohamadyousri81]

Thanks alot

[@aidandiaye4566]

thank you so much

[@4evertheerealdarksensei]

Fiñtu saana 🥱

[@karthikthiyagarajan5175]

In oligopoly, you said that firms with more differentiated products tend to have more elastic demand than firms with less differentiated firms. Then later on you said that automobile industries have inelastic demand of their products and there is a greater variance in the price of the product. I'm confused. isn't the graph wrong?

[@user-zu1yj7hb1d]

I think it was just a mistake in speech

[@user-zu1yj7hb1d]

It should be the other way around more differentiated is inelastic, and less differentiated is elastic

[@vannymakibinyane522]

Thank you

[@4evertheerealdarksensei]

This is why we don't study 🥱😅

[@alicade3804]

😂😂

[@FOTCHV]

​@@alicade3804same 😂

[@naveenraj4901]

Thanks you