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This Perfectly Competitive Labor Market and Firm instructional video also includes:
What happens in a perfectly competitive labor market? Here is a video in which an economics instructor explains how workers and firms must set their wages based on the market
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CCSS:
Adaptable
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Classroom Considerations
- Instructor moves quickly through explanation, so you may wish to use as review or assign as a flipped resource that learners can move through at their own pace
- Appropriate for an advanced placement class
- This video is hosted on YouTube
Pros
- Illustrates economic concepts by drawing graphs on a whiteboard as he provides his explanations
Cons
- None