Quiz Practice

This quiz relates to the following lesson objectives:

• 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 the following before entering the Quiz Practice:

• There is no time limit for the Quiz Practice.
• Once you achieve an 80% or higher on this Quiz Practice you will be allowed to advance to this lesson's Quiz.
• If you do not pass this Quiz Practice with an 80% or higher within 5 tries, you will not be eligible to take the graded quiz and must move to the next lesson.
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Submitting Your Quiz Practice:

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