![](https://d1e4pidl3fu268.cloudfront.net/e08fb179-ef2e-47e3-830d-72290426b917/4Perfectcompetition.crop_236x177_0%2C45.preview.jpg)
This classroom activity is very popular in economics classrooms and mine, I’m afraid, is a take on an old favourite. I like to use tennis balls for this experiment, but anything will do - rubbers, board markers, calculators, just as long it is a homogeneous product.
This experiment works well and extremely quickly, with students understanding the concept of perfect competition very quickly and all of terms student need to know; supernormal profits, homogeneous goods, factors of production, barriers to entry, elasticity, demand, knowledge and profit maximisation, can easily be introduced.
Something went wrong, please try again later.
This resource hasn't been reviewed yet
To ensure quality for our reviews, only customers who have purchased this resource can review it
Report this resourceto let us know if it violates our terms and conditions.
Our customer service team will review your report and will be in touch.