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HomeMIT 14.01 Principles of Microeconomics, Fall 2023Lec 8: Competition II
MIT 14.01 Principles of Microeconomics, Fall 2023
Video 8 of 10
Lec 8: Competition II
47:33
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Lec 9: Supply and Demand & Consumer/Producer Surplus
In this lecture, Prof. Gruber continues the discussion of competition. Topics covered include perfect competition in the long run and how firms maximize profit. Keywords: competition, perfect competition, long, profit, maximization