Perfectly Competitive Labor Market and Firm

This Perfectly Competitive Labor Market and Firm video also includes:

What happens in a perfectly competitive labor market? Here is a video in which an economics instructor explains how workers and firms must set their wages based on the market

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CCSS: Adaptable
Classroom Considerations

  • Instructor moves quickly through explanation, so you may wish to use as review or assign as a flipped resource that learners can move through at their own pace
  • Appropriate for an advanced placement class
Pros

  • Illustrates economic concepts by drawing graphs on a whiteboard as he provides his explanations
Cons

  • None
Common Core