Random Fact

In 2014, a United States household of four (two children) was considered poor if its income was below $24,008 (this does not include income from anti-poverty programs and earned income tax credits).
Source: http://www.census.gov/hhes/www/poverty/data/threshld/index.html

Unit 8: Monopolistic Competition and Oligopoly

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!