Wednesday, 17 October 2012

perfect competition


beware diagram in above video not correct... shows long run equilibrium in momopolistic competition... if perfect the AR curve would be perfectly elastic for the firm

video tutor:
perfect competition video (holden)

revenue curves perfect v imperfect (Holden)

flash based diagrams:
http://www.flashecon.org/profitA/profitA_main.asp - perfect competition

http://www.flashecon.org/profitB/profitB_main.asp - imperfect competition

video case study:  daffodil farmers

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