Title: Introduction to Perfect Competition -- Video
Course: Recommended Resources for AP Micro from FRE > Section: Unit 3: Production, Cost, and the Perfect Competition Model

This video introduces the concept of perfect competition- when all sellers are selling the same good or service. Using the wheat market as an example, you’ll learn why a perfectly competitive market leads to lower prices and more goods and services sold than other market structures like monopoly.

Watch the video and then click "next" to take the quiz.