In this episode of Full AP Course Review, we dive into imperfect competition in macroeconomics, exploring how real-world markets deviate from perfect competition. From monopolies to oligopolies, learn the models, pricing strategies, and government interventions that shape economic outcomes. Perfect for AP students prepping for the exam.

Key Topics Covered:

• Perfect vs. imperfect competition: definitions and assumptions
• Monopoly: barriers to entry, profit maximization, deadweight loss
• Monopolistic competition: product differentiation, short-run vs. long-run equilibrium
• Oligopoly: collusion, game theory, Cournot and Bertrand models
• Antitrust policies and regulation in imperfect markets
• Impact on macro outcomes like prices, output, and efficiency

What You'll ...