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Individual and firm economic behavior. Focus on market structures and efficiency.

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AP Microeconomics

History and Social Sciences

About AP Microeconomics

Individual and firm economic behavior. Focus on market structures and efficiency.

Key Skills

  • Market Analysis

    Supply and demand, equilibrium, and market efficiency.

  • Consumer Theory

    Utility maximization, consumer choice, and indifference curves.

  • Production Theory

    Cost analysis, production functions, and firm behavior.

  • Market Structures

    Perfect competition, monopoly, oligopoly, and monopolistic competition.

Exam Strategy

Multiple Choice

Tips:

  • Graph analysis
  • Market structure identification
  • Cost analysis
  • Efficiency evaluation

Common Mistakes:

  • Graph misinterpretation
  • Structure confusion
  • Cost calculation errors
  • Efficiency misunderstanding

Free Response

Tips:

  • Clear explanations
  • Graph construction
  • Market analysis
  • Policy evaluation

Common Mistakes:

  • Incomplete explanations
  • Graph errors
  • Weak market analysis
  • Poor policy evaluation

Time Management

  • Multiple Choice
    70 minutes
  • Free Response
    60 minutes

Practice Resources

  • Graphical Analysis

    Market models and graphs

  • Economic Theory

    Consumer and producer theory

  • Market Structures

    Different market types and analysis

Scoring Insights

  • Multiple Choice66%

    Graph analysis and market understanding

  • Free Response33%

    Clear explanations and market analysis

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