By itself this does not help in many careers. But understanding these models helps develop a thinking framework that allows to better navigate the world. For example if you are a policy maker, you would need to decide rules that will allow for more firms to participate, or rules that give subsidies/incentives for first movers etc. Understanding what repercussions your decisions will have is important.
Where is the follow-up video about efficiency in monopolistic competition?
Thank you so much for this simplified explanation
what a great teaching present by this professor
Fantastic explanation 👍
Extremely helpful and clear.
Lol...just to pass your exam, right?? :)
Well.. very lively explaination😊
Thank you sir for this 😊😊😊
Which career does all these stuff leads to...aside academia. Not sure if real businesses draw these curves or have data to draw these curves.
By itself this does not help in many careers. But understanding these models helps develop a thinking framework that allows to better navigate the world.
For example if you are a policy maker, you would need to decide rules that will allow for more firms to participate, or rules that give subsidies/incentives for first movers etc. Understanding what repercussions your decisions will have is important.
Nicely explained
Nice presentation. Are you writing in the other way or mirror image is given back with technology?
Same doubt here 😂
wondering the same thing
I have finally understood
Very well explained
mechal
Hi