Perfect competition (HL only)

IB Economics: Perfect competition (HL only)

This is the beginning of the section on perfect competition. There are a number of paper one questions on this topic, some of which are included on this site. This lesson looks at the conditions of perfect competition. A fun exercise is to ask your classes to investigate industries from the real world which might be very close to perfect competition in nature. This page contains one example of a market that I believe...

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