Instructional Video

Monopolistic Competition in the Long-Run

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This Monopolistic Competition in the Long-Run instructional video also includes:

Watch as a great economics instructor illustrates a monopolistically competitive firm in long-run equilibrium on a graph, and then compares it to perfect competition.

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CCSS: Adaptable
Classroom Considerations
  • Learners should understand such concepts as socially optimal quantity and dead weight loss before beginning video
  • Appropriate for an advanced placement economics class
  • This video is hosted on YouTube
Pros
  • Explains each segment to add to graph in a step-by-step process
  • Identifies classic mistakes when drawing monopolistic graph, and offers tips on how to avoid those mistakes
Cons
  • None
Common Core