80 likes | 93 Views
Explore the effects of advertising, costs, competition, and incentives in monopolistic and oligopolistic markets using detailed exhibits and analysis. Gain insights into short-run and long-run strategies and behaviors. Compare monopolistic competition with perfect competition for a comprehensive understanding.
E N D
Monopolistic Competition and Oligopoly CHAPTER 10
EXHIBIT 1 THE EFFECT OF ADVERTISING ON AVERAGE COST
AMONOPOLISTICALLY COMPETITIVE FIRM IN THE SHORT RUN EXHIBIT 2
AMONOPOLISTICALLY COMPETITIVE FIRM IN THE LONG RUN EXHIBIT 3
ACOMPARISON OF MONOPOLISTIC COMPETITION AND PERFECT COMPETITION IN THE LONG RUN EXHIBIT 4
EXHIBIT 5 THE KINKED DEMAND CURVE
EXHIBIT 7 ATWO-FIRM PAYOFF MATRIX