Random Fact

In 2015, Malaysia had a population of 30.5 million people, a labor force of 14.1 million people, and an unemployment rate of 2.9%. Its 2014 per capita GDP was $24,500, and real GDP growth rate was 5.9% (CIA World Fact Book).

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!