This Monopolistic Competition in the Long-Run 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.
5 Views 4 Downloads CCSS: Adaptable
- Learners should understand such concepts as socially optimal quantity and dead weight loss before beginning video
- Appropriate for an advanced placement economics class
- 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