3.4.2 Perfect competition - Theme 3 Edexcel A Level Economics

3.4.2 Perfect competition - Theme 3 Edexcel A Level Economics

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This lesson introduces learners to perfect competition, we start by looking at the characteristics of perfect competition, ensuring students understand that this is not a realistic structure but a foundation to understand market structures. We then look at illustrating perfect competition in the short-run (with supernormal profits) and in the long-run (normal profits). Pros and cons are discussed and we finish with a box plenary.

 

Colourful, concise and engaging slides! 

 

Thank you