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Published on Oct 22, 2009
Mr. Clifford's 60 second explanation of perfect competition in the short run with a firm making profit. The firm is a price taker and price is set by the market at $10. Don't forget to pause during the bonus round and calculate TR, TC, and profit. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.
ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community