1.4 Perfect Competition II: Long Run
Tuesday, January 28, 2020, Thursday, January 30, 2020
We continue our review/extension of perfect competition by looking at how to derive the equilibrium for the industryover the long run, where entry and exit are possible. We also discuss the role of economic rents.
Please register an account at Moblab.com and join our class section with the code below:
We may play our first “game” today or next class to understand perfect competition: