Monopolistic Competition and Oligopoly. Chapter 17 and THEN Chapter 16. Think about it…. Think about the market for books…what characteristics does this market have that fit with perfect competition? What about monopoly?
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Chapter 17 and THEN Chapter 16
7. Greater profits might encourage more firms to enter
8. Cheating is profitable for each individual firm (i.e., prisoner’s dilemma)