contestable market theory
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economics exam tomorrow! :) good luck and thank mr holden
6 days ago 2
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@UnlimitedEconZone Haha I don't care I'm studying engineering at the University of Warwick now anyway.
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@nomoreheroes93 He cant possibly make it any shorter than this lol
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not even gonna lie, this man is a genius, he is such a help with my revision for my economics unit 3 exam, makes things so straight forward and simple.
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mashallah
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@St3ph3nxjg did u pass economics then?
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if you give up teaching, 2 things will happen:
-we as students are gonna die due to lack of your videos
-You will make so much money coz of your knowledge
Great job!
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@tawandachristopher explain to me plz still dont understand
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@St3ph3nxjg so did u pass
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@RemingtonSAXMAN If a new firm was to enter and under cut the limit price would consumers change? That is the question. They do = contestable They dont = not so contestable if at all
as he said it is all about degrees.
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Awesome video, especially like the high quality version, very cool. You make for a wise professor, keep putting your knowledge to good use!
Kr15S 3 years ago 10
Hi there,
I would like to thank you for you videos, very helpful as an alternative to on text revision.
I would like to put forward a comment that I believe in some cases marketing costs are not sunk costs. If a percentage of the marketing budget is spend on advetising the brand image/name rather than the specific product, the brand could fail in an industry yet gain from the awareness of the name. For example Virgin marketing their cola, it did not sell but increase the awareness of 'Virgin'.
henryhitchcox 2 years ago 3