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Lec 8: Competition II
Description
MIT 14.01 Principles of Microeconomics, Fall 2023
Instructor: Prof. Jonathan Gruber
View the complete course: https://ocw.mit.edu/14-01F23
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP60V7HxLYRaJMbFzP77bzEjb
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
License: Creative Commons BY-NC-SA
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