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Micro 4.1 - Imperfectly Competitive Markets

This video covers topic 4.1 of the AP Microeconomics Course Exam Description (CED). This video is all about Imperfectly competitive markets. It exlplains how imperfect competition is different from perfect competition, how firm demand curves are different within each market, and why imperfectly competitive firms are not allocatively efficient. To read more about this topic, head to this link: https://www.reviewecon.com/monopoly To get more practice with the skills needed to ace these exams, head to ReviewEcon.com where there are lots of games and activities to help you practice. https://www.reviewecon.com/games-acti... To support this channel, like and subscribe, then purchase the Total Review Booklet from ReviewEcon.com: https://www.reviewecon.com/total-revi... Follow me on twitter:   / apeconguy   or Follow me on facebook:   / reviewecon   Note: AP©, Advaanced Placement Program©, and College Board© are registered trademarks of the College Board, which was not involved in the production of, and does not endorse, this material. I would like to acknowlege the work of Dick Brunelle and Steven Reff from Reffonomics.com who’s work inspired many of the review games on ReviewEcon.com. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics facebook groups, and #econtwitter.