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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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4 Downloads
CCSS:
Adaptable
Concepts
Additional Tags
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