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Study Notes

Perfect Competition - Adjusting to Long Run Equilibrium

Level:
A-Level
Board:
AQA, Edexcel, IB, OCR

Last updated 20 Aug 2018

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An adjustment process takes place in perfectly competitive markets depending on the scale of profits earned in the short run

Perfect Competition in the Long-run - Revision Video
Kathryn Graddy: Fishing for perfect competition
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