AP Economics – 10/24/19
I. Bellwork
- Page 543 Tackle the Test 1-5
II. Objectives:
- Explain the meaning and dimension of market structure
- Describe the four principal types of market structures
- Analyze and interpret economic models relating to MC, ATC, and MR to determine profit maximization and industry entry and exit by firms.
III. Something that will be coming up:
IV. Module 57 Introduction to Market Structure pgs. 572-581
- Perfect Competition
- Conditions for Perfect Competition
- Monopolies
- Oligopoly
- Monopolistic Competition
- Market Structures https://youtu.be/9Hxy-TuX9fs
- Perfect Competition https://youtu.be/61GCogalzVc
V. Notebook: Figure 57.2 Page 581
VI. Classwork: iLearn 3.5- Perfect Competition Practice
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