'Monopolistic competition firms' diaporamas de présentation

ECON 201

ECON 201. Chapter 23 Monopolistic Competition and Oligopoly. Learning Objectives. The characteristics of monopolistic competition. Why monopolistic competitors earn only a normal profit in the long run. The characteristics of oligopoly. How game theory relates to oligopoly.

406 views • 40 slides

476 views • 21 slides

Unit 8 - Monopolistic Competition and Oligopoly

Unit 8 - Monopolistic Competition and Oligopoly. Monopolistic Competition Characteristics of a monopolistically competitive industry include: Many sellers Low barriers to enter Differentiated products Advertising on a local level. Microeconomics.

331 views • 21 slides

Comparison of Market Structures

Comparison of Market Structures. 16- 1. Classifying Industries and Markets in Practice. An industry seldom fits neatly into one category or another. One way to classify markets in practice is by its cross price elasticity.

953 views • 10 slides