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Monopolistic Competition and Oligopoly

17 Lessons 52 mins

Explore the concepts of monopolistic competition and oligopoly, including topics such as differentiating products, perceived demand, pricing strategies, entry barriers, collusion, and competition, as well as understanding the benefits of product variety and summarizing key concepts.

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Tutorial Lessons

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Introduction to Monopolistic Competition and Oligopoly

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2

Monopolistic Competition

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3

Differentiated Products

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Perceived Demand For a Monopolistic Competitor

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How a Monopolistic Competitor Chooses Price and Quantity

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Monopolistic Competitors and Entry

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7

Monopolistic Competition and Efficiency

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8

The Benefits of Variety and Product Differentiation

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9

Key Concepts and Summary

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10

Oligopoly

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11

Why Do Oligopolies Exist?

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12

Collusion Or Competition?

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13

The Prisoner’s Dilemma

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14

The Oligopoly Version of the Prisoner’s Dilemma

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How to Enforce Cooperation

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16

Tradeoffs of Imperfect Competition

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17

Key Concepts and Summary

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