Random Fact

In 2014, Indonesia had a population of 256 million people, a labor force of 124.3 million people, and an unemployment rate of 5.7%. Its 2014 per capita GDP was $10,200, and real GDP growth rate was 5% (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!