Random Fact

2013 Median income for households in the United States was $51,939. It was $51,017 in 2012 and $51,100 in 2011. Asian Americans had the highest household incomes ($67,065), followed by whites ($58,270), Hispanics, ($40,963), and African Americans (34,598).
Source: www.census.gov

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!