Micro 3.6 Perfect Competition in the Long Run: Econ Concepts in 60 Seconds for AP Micro

[bamboneski]

they just werent watering them ..lol

[elpadrinojr99]

If you do not understand Long run equilibrium with dude's video then you're just straigh out stupid .Thanks Mr Clifford.

[hammad0105]

THANK YOU SOO MUCH!!!! makes soo much sense now :D

[MsKrose1]

so at $7 they are producing 8 Quantity?

[00chicken101]

@MsKrose1 If you're talking about what he labeled at about 1:20 in the video, that says Q1 not 8.

[00chicken101]

But if you're talking about the individual firm, then yes they produce 8 because the MR line is lowered so the MR=MC point is both lower and to the left.

[joanlimst]

this is going help me pass my economics paper. thanks!!! :) 

[cinqueottavi]

Thanks.May I ask a question professor? From your explanation, I think the Long Run condition will never exist.Correct? If there is no profit, there will be no firm who want to enter but there will be also no company who want to stay.So you will never reach the Long Run.Correct?

[c4landrea]

i wish you were my teacher!

[ngtienminhhuy]

cool style impressing me at the very beginning

[ukprincess100]

so when u carry over the line fromt he equilibrium point...its demand...but in the labor market, its supply? wow i could def get tht confused

[edwardprague]

You are awesome. Thanks Mr. Clifford from Edward Jones at the University of Arkansas.

[Israelpwn]

thankies very handy and fast - hope to god you'll make more :D

and lol at audio transcribe ... 1.51 "i just love him and i did not see eye to eye" xD

[YouveJustBeenMarked]

thank you SO much!

[RrrCha]

this helps a lot!

thanks :)

[welkerjason]

Jacob, GREAT job. These are excellent and I will email you when I have the chance to talk about some ideas for collaborating with you on this project. Thanks for the innovative review! - Jason Welker

[hamidreza0077]

tnx.

[beachplumm]

You're so much fun to watch! Thank god you're so much better than my teacher!