1.4 — Perfect Competition II — Class Content

Meeting Date

Thursday, February 2, 2023


We continue our review/extension of perfect competition by looking at how to derive the equilibrium for the industry over the long run, where entry and exit are possible. We also discuss the role of economic rents.



Today you will be working on practice problems:


Below, you can find the slides in two formats. Clicking the image will bring you to the html version of the slides in a new tab. The lower button will allow you to download a PDF version of the slides.


You can type h to see a special list of viewing options, and type o for an outline view of all the slides.

I suggest printing the slides beforehand and using them to take additional notes in class (not everything is in the slides)!


Download as PDF