Entry, Exit, and Supply Curves: Decreasing Costs
- Title:
- Entry, Exit, and Supply Curves: Decreasing Costs
- Description:
-
more » « less
In this video, we talk about the special case of the decreasing cost industry. As output increases, costs will continue to fall, and more firms will enter which, again, increases output. It’s a virtuous circle!
At the end of this video, we review the major points made in this section. If you find that something doesn’t quite make sense, feel free to re-watch videos as many times as you’d like.
Microeconomics Course: http://mruniversity.com/courses/principles-economics-microeconomicsAsk a question about the video: http://mruniversity.com/courses/principles-economics-microeconomics/supply-curve-decreasing-cost-industry#QandA
Next video: http://mruniversity.com/courses/principles-economics-microeconomics/minimizing-industry-costs-production-invisible-hand
- Video Language:
- English
- Team:
Marginal Revolution University
- Project:
- Micro
- Duration:
- 06:02
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Kate H edited Vietnamese subtitles for Entry, Exit, and Supply Curves: Decreasing Costs | |
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Kate H edited Vietnamese subtitles for Entry, Exit, and Supply Curves: Decreasing Costs | |
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Minh Hieu Pham edited Vietnamese subtitles for Entry, Exit, and Supply Curves: Decreasing Costs | |
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Minh Hieu Pham edited Vietnamese subtitles for Entry, Exit, and Supply Curves: Decreasing Costs | |
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Minh Hieu Pham edited Vietnamese subtitles for Entry, Exit, and Supply Curves: Decreasing Costs | |
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Minh Hieu Pham edited Vietnamese subtitles for Entry, Exit, and Supply Curves: Decreasing Costs | |
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Minh Hieu Pham edited Vietnamese subtitles for Entry, Exit, and Supply Curves: Decreasing Costs | |
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Minh Hieu Pham edited Vietnamese subtitles for Entry, Exit, and Supply Curves: Decreasing Costs |