Different market structures

The videos below are from the YouTube channel Enhance Tuition. Subscribe to keep up to date with the latest videos.

Market structures and their characteristics

This video explains the different characteristics used to categorise market structures.

Perfect competition – characteristics and long-run equilibrium

This video explains the characteristics of perfect competition and demonstrates how to draw the diagram of the perfect competition in long-run equilibrium.

Perfect competition – short-run economic profits

This video explains how firms in perfectly competitive industries earn supernormal profits in the short-run. It also explains how firms in perfectly competitive industries cannot maintain supernormal profits in the long-run.

Perfect competition in short run equilibrium – economic loss

This video explains how firms in perfect competition can run a loss in the short run and why firms in perfect competition cannot sustain economic losses in the long run.

Monopolistic competition – characteristics and long-run diagram

This video explains the characteristics of monopolistic competition and breaks down the long-run diagram of a monopolistically competitive firm earning normal profits.

Introduction to Oligopoly

This video explains the basic characteristics of the oligopoly market structure and how to calculate a concentration ratio.

The kinked demand curve

This video discusses the shape and behaviour of the kinked demand curve.

Tacit collusion, price leadership and the payoff matrix

This video explains why and how tacit collusion takes place within the oligopoly market structure and the theory of price leadership. It also analyses a simple payoff matrix for a duopoly.

Formal collusion

This video explains why and how formal collusion takes place within the oligopoly market structure.

Monopoly characteristics and diagram

This video explains the characteristics of a monopoly market structure and demonstrates how to draw the monopolist’s diagram in the short and long run.

Natural monopoly

This video discuss natural monopolies, how to analyse the diagram, and government regulations aimed at natural monopolies..

Monopolistic competition and supernormal profits

This video explains how firms in monopolistically competitive markets can earn supernormal profits in the short-run and why firms in monopolistically competitive markets are unable to maintain supernormal profits in the long-run.

Contestable markets

This video explains what is meant by the term contestable markets and the implications of contestability on firms.

Back to Top













 
Stay Updated
close-link
Advertisement
×