12.1 - Monopolistic Competition

based on the textbook "Microeconomics for MBAs"

Category:

Education

Tags:

• microeconomics
• economics
• UCI
• Irvine
• McKenzie

[maosaimike]

this video saves my ass from next week's finals. MAKE MORE PLEASE!!!

[cri8tor]

Thank you for posting this.

It'll help me feel more confident during my final tomorrow.

[armand2112]

Great way to explain, made it clearer. How is this for MBA though?

[GenryHale]

Nice Video. I made a similar one but in a more visual way. Watch it, if you like. Thumbs up

[param4u10]

great explanation sir,god bless you.Keep the light of knowledge burning.

[killshitallday]

so basically in this game, it's very valuable to be able to predict prices rising and falling, and think of why they would or wouldn't and know when to buy and sell them obtaining the maximum amount of profit possible would be the obvious goal. An interesting thing nothing is ever worth 0. Every item has a price range it falls within and rarely goes above or below it. Anyways this to me means almost always any item that crashes returns to normal, so never sell anything for a loss just wait.

[killshitallday]

The most informative part of this for me, is when he said so many people jump on it that it crashes the price, aka, making it so the cost to make it is more then it sells for, because this happens in a few games I play. Anyways knowing which market is crashed in the game enables you to buy tons of an item for super cheap, selling it later, and you become the monopolizer, like he said if people are losing money they bail on the item, making it rise, even though they sold it all for less then cost

[selcukylmzr]

ıt helped much more than books for my mıdterm:D

[WhyYouStealMyName]

@mysongbook

Note 12.1.

It's either a revision or a quick review to intro topics.

[hunterblazd]

no, thank YOU for being with ME

[gracewolfpack]

thank you so much! this helped tons :)