Introduction to Perfect Competition | Economics Explained
6:19
YouTubeFederal Reserve Bank of St. Louis
Introduction to Perfect Competition | Economics Explained
This video introduces the concept of perfect competition when all sellers are selling the same good or service. Using the wheat market as an example, you’ll learn why a perfectly competitive market leads to lower prices and more goods and services sold than is the case in other market structures like monopoly. Need help? Learn more here ...
24.6K viewsAug 15, 2024
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