Random Fact

The United States poverty rate in 2012 was 15%. It was 12.5% in 2007. In 1959, it was 22.4% (http://www.census.gov/hhes/www/poverty/about/overview/index.html).

Unit 8: Monopolistic Competition and Oligopoly

Introduction
Section 1: Characteristics of a Monopolistically Competitive Industry
Section 2: Short-Run and Long-Run Profit Maximization for a Firm in Monopolistic Competition
Section 3: Characteristics of an Oligopoly Industry
Section 4: Oligopoly and Game Theory
Test Your Knowledge!