Monopolistic Competition

Concepts

  • Product Differentiation
    • Role of Advertising
  • Monopolistic Competition vs. Perfect Competition
  • Graph of Mono Comp Firm
  • Profit Maximization (MC=MR)
  • Short-Run Equilibrium
    • Economic Profit (P>ATC)
    • Economic Loss (P<ATC)
    • Zero Economic Profit, Normal Profit, Breaking Even (P=ATC)
  • Long-Run Equilibrium
  • Excess Capacity and Inefficiency

Overview

Coming Soon

Materials

Lecture

Monopolistic Competition Video

 

Firm Graphs in All Market Structures Video

 

Quiz

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