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Comparison of monopoly firm with perfect competition

Lesson 53 of 55 • 16 upvotes • 12:27mins

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Awdhesh Singh

In this lesson we learn about the difference of behaviour in Monopoly firm and a competitive firm

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1

Introduction of the Course

3:00mins

2

Production and allocation of Resources

12:06mins

3

Central problem of Economy

12:30mins

4

Organisation of Economic Activities

13:02mins

5

Microeconomics and Macroeconomics

12:51mins

6

Cardinal utility analysis

12:07mins

7

Law of diminishing marginal utility

12:09mins

8

Ordinal utility analysis and indifference curve

12:11mins

9

Features of indifference curve

12:06mins

10

The consumer's budget

12:01mins

11

Price ratio and the slope of budget line

12:30mins

12

Optimal choice of consumer

12:11mins

13

Demand

12:09mins

14

Law of demand

12:35mins

15

Shift in demand curve

12:12mins

16

Market demand

12:12mins

17

Elasticity of demand

12:18mins

18

Elasticity demand curve

12:42mins

19

Relationship between elasticity and demand

12:14mins

20

Relationship between elasticity and expenditure

12:26mins

21

Production function

12:05mins

22

Isoquant

12:18mins

23

The short run and the long run

12:13mins

24

Total product, average product and marginal product

12:07mins

25

The law of diminishing marginal product

12:10mins

26

Return to scale

12:04mins

27

Various concepts of cost

12:17mins

28

Shapes of short run cost curves

12:24mins

29

Long run costs

12:12mins

30

Defining features in perfect competition

12:17mins

31

Revenue of a firm

12:13mins

32

Profit maximization -I

12:19mins

33

Profit maximization -II

12:32mins

34

Short run supply curve of a firm

12:02mins

35

Long run supply curve of a firm

12:18mins

36

Break even point and opportunity cost

12:21mins

37

Determinants of firms supply curve

12:21mins

38

Market supply curve

12:12mins

39

Price elasticity of supply

12:11mins

40

Market equilibrium

12:10mins

41

Market equilibrium for a fixed number of firms

12:08mins

42

Wage determination in labour market

12:53mins

43

Impact of shift in demand

12:35mins

44

Impact of shift in supply and demand

13:43mins

45

Market equilibrium: Free entry and exit

12:13mins

46

Shift in demand

12:27mins

47

Application of supply demand analysis

12:49mins

48

Non competitive markets

12:16mins

49

Price quality relationship in Monopoly firm

12:09mins

50

Zero cost Monopoly firm

12:28mins

51

Total average and marginal revenues

12:13mins

52

Equilibrium condition for a Monopoly firm

12:44mins

53

Comparison of monopoly firm with perfect competition

12:27mins

54

Equilibrium of a monopolistic competition

13:01mins

55

Behaviour of forms in oligopoly

12:31mins

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