Lesson 14: Home
Monopolistic Competition and Oligopoly
Objectives
At the end of this lesson, you will be able to:
- Describe the market structure that characterizes monopolistic competition
- Explain the profit-maximizing decisions firms make in monopolistic competition
- Explain the importance of advertising and brand names in industries characterized by monopolistic competition
- Explain the market conditions of oligopoly and the decisions made by firms in oligopoly
- Analyze judgments faced by oligopolists using game theory
Read
Foundations of Microeconomics:
- Chapter 17, "Monopolistic Competition" (pp. 431–454)
- Chapter 18, "Oligopoly" (pp. 455–482)
View
Online Lesson Presentation
Complete
Quiz Practice 14
Assessment
Quiz 14