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Lecture 11: Competition II

Lecture 11: Competition II

This video was recorded at 14.01SC Principles of Microeconomics, Fall 2011. In this lecture, we continue to learn about competition, and its implications for the supply curve for different goods. We can use this to construct the market supply curve from firms' supply curves. Now we have all the ingredients for fully understanding the basic supply and demand diagrams that launched our study of economics.

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