14.01 | Fall 2023 | Undergraduate

Principles of Microeconomics

Lec 7: Competition I

In this lecture, Prof. Gruber introduces the concept of market structure, which is how firms compete in the market. Topics covered include short-run profit maximization and short and long-run equilibrium. Keywords: competition, market, profit, maximization, short run, long run, equilibrium

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Fall 2023
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