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.
Economics of a Perfectly Competitive Market

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