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Lesson Planet
This Perfect Competition in the Short Run instructional video also includes:
What exactly is perfect competition, one of the four market structures, in economics?
20 Views
9 Downloads
CCSS:
Adaptable
Concepts
Additional Tags
Classroom Considerations
- Appropriate for a higher-level or advanced placement class
- Learners should be familiar with marginal cost curves
- This video is hosted on YouTube
Pros
- Illustrates process of drawing market/industry graph and that of an individual firm
- Offers interactive process for viewers, who are prompted to pause the video to practice calculating total revenue, cost, and profit
Cons
- None