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A2 Economics: Monopolistic competition in 6mins

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Uploaded by on Oct 26, 2010

For further information please visit my blog: www.a2withkomilla.blogspot.com
In this video I explore what monopolistic competition is with examples of it, characteristics required to achieve this, diagrams of it in the short-run and long-run.
This video is created and directed by Komilla Chadha an A-Level Economics student. Please rate, comment and subscribe!

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Uploader Comments (CuteChadz)

  • lol draw your diagrams properly

  • @whokilledPUNJABB According to me they are drawn correctly!

  • Is 'Brand Loyalty' not an assumption we make when we consider monopolistically competetive markets (?)

  • @yebet Yes because people who want that particular product e.g. chicken soup will have loyalty to the firm that provides that particular one.

  • Is 'Brand Loyalty' not an assumption (?)

  • @yebet Sorry don't understand the question :/

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All Comments (12)

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  • @CuteChadz if their drwan correctly then why is your axis wonky?

  • thank you very helpful! :)

  • these videos helped a lot, thank you!

  • "Who are you?" - Pajholden

  • @CuteChadz it's mathematically impossible for the AR and MR to be that close together!

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