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This Perfect Competition in the Long Run instructional video also includes:
What happens in the long run when there is time for firms to enter and leave a market in perfect competition?
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CCSS:
Adaptable
Concepts
Additional Tags
Classroom Considerations
- Learners should be familiar with calculating total cost and revenue, as well as the concept of profit
- Appropriate for an advanced placement or higher-level course
- This video is hosted on YouTube
Pros
- Illustrates shifting supply curve and long run equilibrium on graph
Cons
- None