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Monopolistic Competition (for Students)

Monopolistic Competition (for Students)

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Published by adillawa

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Published by: adillawa on Mar 17, 2010
Copyright:Attribution Non-commercial

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03/16/2015

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MonopolisticCompetition
 
MONOPOLISTIC COMPETITIONMONOPOLISTIC COMPETITION
Aims of lecture
 ±To identify the
meaning
of monopolisticcompetition and distinguish it from other marketstructures ±To demonstrate the
profit-maximising
price,output and profit for a firm under monopolisticcompetition in:a) the short runb) the long run ±To examine the
social implications
of monopolistic competition
 
Market structures
a)Perfect competitionb)Monopolistic competitionc)Oligopolyd)Monopoly
MONOPOLISTIC COMPETITIONMONOPOLISTIC COMPETITION

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