AP Economics – 11/04/19
I. Bellwork:
Summarize the article. Explain what Grubhub is doing, how it is impacting profits, its competitors, and the market.
https://seekingalpha.com/article/4301773-grubhub-end-begins
II. Objectives:
- Explain why industry behavior differs in the short run and long run
- Analyze, construct interpret, and communicative changes in the long run and their impact on profit and loss
- Distinguish between the short-run and long-run supply curve
III. Discussion Perfect Competition in the Long Run 3.6 PPT
From Short-run to Long-run in Perfect Competition
Perfect Competition in the Long-Run- Micro Topic 3.7 (2 of 2)
IV. Classwork 60.1 & 60.2 Sheet on iLearn
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