Principles of Economics: Microeconomics - Entry, Exit, and Supply Curves: Decreasing Costs

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What you'll learn

This course includes

11.5 hours of video
Certificate of completion
Access on mobile and TV

Summary

Keywords

Economics (Field Of Study) Supply Entry Decreasing Cost Industry Supply Curve Output Microeconomics (Field Of Study)

Full Transcript

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://bit.ly/20VablY Next video: http://bit.ly/1TziyDd Help us caption & translate this video! http://amara.org/v/GSLG/

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