This video will guide your young economists through a practice of graphing perfect competition by prompting them to identify the errors in several graphs attempting to illustrate a perfectly competitive firm making a profit.

Additional Tags

pure competition, perfect competition graph, social studies

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Instructional Ideas

• Include on a class website for learners to refer to as a review tool or flipped classroom resource
• Design assessment or worksheet to complement video

Classroom Considerations

• This video is hosted on YouTube

Pros

• Instructor demonstrates a variety of graphs and common errors, such as proper labeling
• Great tool to follow up a lesson on perfect competition

Cons

• None

Common Core

RH.11-12.1 RH.11-12.2 RH.11-12.4