Slide 1 Chapter 12 Oligopoly Slide 2 Chapter 122 Oligopoly – Characteristics Small number of firms Product differentiation may or may not exist Barriers to entry Slide…
Slide 1 1 Monopolistic Competition and Oligopoly Chapter 10 Slide 2 2 Monopolistic Competition Characteristics 1.Many firms 2.Free entry and exit 3.Differentiated product…