Price Posting Market
Post storefront prices over successive rounds and observe competitive pressure.
Open activityAct V · Different Stages · Module 13
The Farmers Market
Perfect competition
37 slides · Hubbard & O'Brien, chapter 12.
The story
Where this fits in Marginal Falls
Many stalls sell comparable products, and no single stall controls the market price. The farmers market returns to output and profit decisions in a competitive setting and examines how entry and exit change the longer-run outcome.
A question to take into class
Why does a competitive stall take the market price as given even though it chooses its own output?
From the slides to the classroom
Activities used in this module
Activities open at marginalfalls.com. Students join using the room code supplied by their instructor.