AP Microeconomics Unit 4 — Imperfect Competition
Unit 4 examines how firms behave in imperfectly competitive markets, with a primary focus on monopoly. Students learn how monopolists determine price and output, interpret firm-level graphs, and analyze efficiency, profit, and deadweight loss. These concepts are frequently tested on the AP exam through graph-based multiple-choice and free-response questions.
This bundle is designed to help students master monopoly graphs step by step, understand the relationships between demand, marginal revenue, and cost curves, and apply these ideas accurately in AP-style questions. Emphasis is placed on correct graph drawing, labeling, and explanation aligned with official scoring expectations.
What’s included:
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1 Key Concept Sheet summarizing imperfect competition and monopoly theory
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1 Definition Sheet with AP-accurate terminology
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Monopoly Graph Tutorial and Practice (step-by-step guidance on drawing and interpreting graphs)
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Game Theory Practice (dominant strategies, nash equilibrium, and prisoner’s dilemma)
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AP-style Multiple-Choice Questions with answer key
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2 Free-Response Question Sets with scoring guidelines
This unit builds critical graphing and analytical skills that are essential for understanding market power and prepares students for more advanced topics in imperfect competition.





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