Get £10 off your first lesson on PMT Tuition in February with the code PMTFEB10.

Book Now!

Different market structures

Advertisement
Jamie 's Profile Picture

Jamie P. 5.0 (1)

SOAS - BA Japanese and Economics

I can help you achieve your potential

£30 / hour
    Online Economics Easter Crash Courses
    Strengthen your understanding of A Level Economics with our 4-day online Easter Revision Courses. Our AQA and Edexcel courses will consolidate your knowledge and improve your essay writing. Find out more!

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

    [toc]

    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

    Advertisement
    Advertisement
    ×