Hey all :)

This is an interesting video on the topic of cobweb theory- market failure in agricultural markets. I think this theory was mentioned in class before, though not in great detail...yeah, so go take a look to understand it better :D



and here's a second one by the same teacher in the previous video. This one is a revision for the argument on whether monopoly is bad. Note the terms used, such as "contestable markets". haha. happy viewing! :)



Love,
Zijia