Instructional Video

Khan Academy: Free Response Question (Frq) on Perfect Competition

Curated by ACT

Walkthrough the solution to a free response question (FRQ) like the ones you may see on an AP Microeconomics exam. Topics include why price equals marginal revenue (P=MR) for a perfectly competitive firm, how to draw side-by-side market and firm graphs, and how to find several points of interest in the firm graph. [6:54]

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Concepts
revenue
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marginal revenue, perfect competition, total cost, ap microeconomics exam, khan academy, khan academy: free response question (frq) on perfect competition, firm graph, market graphs, perfectly competitive market, price, revenue curve, side-by-side market graph, total cost curve
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Resource Details
Grade
9th - 10th
Subjects
Social Studies & History
2 more...
Resource Type
Instructional Videos
Audiences
For Administrator Use
2 more...