AP Unit VI. Firm Behavior; Perfect Competition and Monopoly Market Structures

EQ:
Readings:  Modules 57, 58, 59, 60, 61, 62, 63

  • Perfect Competition
    • Profit maximization and PC firm graph
    • Short-run supply and shutdown decision
    • Efficiency and perfect competition
  • Monopoly
    • Sources of market power
    • Profit maximization
    • Inefficiency of monopoly
    • Price discrimination
    • Natural monopoly

Videos
Market Structures
Perfect Competition
Monopoly
Regulation

Barriers to Entry Article
Health Care NYTIMES
http://prescriptions.blogs.nytimes.com/2010/01/17/an-economist-who-sees-no-way-to-slow-rising-costs/
Assignment 21
Assignment 22
Assignment 23

Practice Problems