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17.Monopolistic Competition

17.Monopolistic Competition

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Published by saumya.nanda5567
Monopolistic Competition
Monopolistic Competition

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Published by: saumya.nanda5567 on Mar 23, 2009
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05/10/2014

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Copyright©2004 South-Western
1717
MonopolisticCompetition
 
Copyright © 2004 South-Western
Monopolistic Competition
Imperfect competition refers to those marketstructures that fall between perfect competitionand pure monopoly.
 
The Four Types of Market Structure
Copyright © 2004 South-Western
• Tap water • Cable TVMonopoly(Chapter 15)• Novels• MoviesMonopolisticCompetition(Chapter 17)• Tennis balls• Crude oilOligopoly(Chapter 16)
Number of Firms?
Perfect• Wheat• MilkCompetition(Chapter 14)
Type of Products?
IdenticalproductsDifferentiatedproductsOnefirmFewfirmsManyfirms

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