Teaching PowerPoints
Perfect Competition
- Level:
- A-Level
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This is an updated revision presentation on the market structure Perfect Competition.
Students should be able to:
- Understand the assumptions of perfect competition and be able to explain the behaviour of firms in this market structure.
- Understand the significance of firms as price-takers in perfectly competitive markets. An understanding of the meaning of shut-down point is required.
- The impact of entry into and exit from the industry should be considered.
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