A2 M3 Lesson 10 The Market and Firm in PC

1. Etymology of word "super" and therefore supernormal profit definition
2. Each student writes definition of "normal profit", brainstorm and write definition

3. PPP for definition of equilibrium     https://mail.google.com/mail/?shva=1#inbox/1274d2a9af755d99
4. Discuss what equilibrium means for PC

5. Groups at WB:
6. Draw graphs with supernormal profit, check and mark each others using PPP as guide https://mail.google.com/mail/?shva=1#inbox/1274d2bcaf514c8f
7. Using PPP, chnage situation and draw new and mark and comment
8. Repeat until time is up