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Imperfect competition

AP Micro: PRD (BI), PRD‑3 (EU)
AP Micro: PRD (BI), PRD‑3 (EU), PRD‑3.B (LO), PRD‑3.B.1 (EK), PRD‑3.B.2 (EK), PRD‑3.B.3 (EK), PRD‑3.B.4 (EK)
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Perfect and imperfect competitionTypes of competition and marginal revenueMarginal revenue and marginal cost in imperfect competition
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Imperfect competitionGet 3 of 4 questions to level up!
AP Micro: PRD (BI), PRD‑3 (EU), PRD‑3.B (LO), PRD‑3.B.5 (EK), PRD‑3.B.6 (EK), PRD‑3.B.7 (EK)
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Monopolies vs. perfect competitionEconomic profit for a monopolyMonopolist optimizing price: Total revenueMonopolist optimizing price: Marginal revenueMonopolist optimizing price: Dead weight lossReview of revenue and cost graphs for a monopoly
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MonopolyGet 3 of 4 questions to level up!
Efficiency and monopoliesGet 3 of 4 questions to level up!
AP Micro: PRD (BI), PRD‑3 (EU), PRD‑3.B (LO), PRD‑3.B.8 (EK), PRD‑3.B.9 (EK)
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Price discriminationMonopoly price discrimination
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Price discriminationGet 3 of 4 questions to level up!
AP Micro: PRD (BI), PRD‑3 (EU), PRD‑3.B (LO), PRD‑3.B.10 (EK)
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Oligopolies and monopolistic competitionMonopolistic competition and economic profitLong run economic profit for monopolistic competition
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Monopolistic competitionGet 3 of 4 questions to level up!
AP Micro: PRD (BI), PRD‑3 (EU), PRD‑3.C (LO), PRD‑3.C.1 (EK), PRD‑3.C.2 (EK), PRD‑3.C.3 (EK), PRD‑3.C.4 (EK), PRD‑3.C.5 (EK), PRD‑3.C.6 (EK), PRD‑3.C.7 (EK)
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Oligopolies, duopolies, collusion, and cartelsPrisoners' dilemma and Nash equilibriumMore on Nash equilibriumWhy parties to cartels cheatGame theory of cheating firmsGame theory worked example from AP Microeconomics
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Game TheoryGet 3 of 4 questions to level up!

About this unit

This unit introduces students to imperfectly competitive market structures: monopoly, monopolistic competition, and oligopoly. Topics include firm behavior and efficiency in imperfectly competitive settings and game theory.
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