Monopolistic Competition and Oligopoly ©2002 South-Western College Publishing 1 What is imperfect competition? A market structure between the extremes of perfect competition…

1. Monopolistic Competition 2. Introduction • Perfect competition, with an infinite number of firms, and monopoly, with a single firm, are polar opposites. • Monopolistic…

1. Chapter 10Monopolistic Competitionand Oligopoly• Key Concepts• Summary• Practice Quiz• Internet Exercises ©2000 South-Western College Publishing1 2. In this chapter,…

1. Annu S Pant Visiting Faculty of Economics Kathmandu University 2010 2. In This Lecture…  Monopolistic Competition – Pricing and Production Decision in Short Run…

Slide 1 Monopolistic Competition Chapter 16-1 Slide 2 Introduction Market structure is the focus real-world competition. Market structure refers to the physical characteristics…

Click to begin. Click here for Final Jeopardy Basic Economic Concepts Supply and Demand Imperfect Competition Resource Market Market Failures 10 Point 20 Points 30 Points…