supporting students studying Econ 3 and Econ 4 of the AQA Economics (2140) specification for examination in 2014.
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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