Chapter and sections in Taylor to Read
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Pg #
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Comments/Assignment
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12 Monopolistic Competition and Oligopoly |
229 |
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Monopolistic Competition |
230 |
Read – Important. Pay particular attention to Exhibits 12-1 and 12-2 |
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Differentiated Products |
230 |
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Perceived Demand for a Monopolistic Competitor |
231 |
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How a Monopolistic Competitor Chooses Price and Quantity |
232 |
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Monopolistic Competitors and Entry |
234 |
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Monopolistic Competition and Efficiency |
235 |
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The Benefits of Variety and Product Differentiation |
236 |
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Oligopoly |
237 |
Skip for now. We will cover it in the next unit. |
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Why Do Oligopolies Exist? |
237 |
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Collusion or Competition? |
238 |
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The Prisoner’s Dilemma |
238 |
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The Oligopoly Version of the Prisoner’s Dilemma |
239 |
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How to Enforce Cooperation |
240 |
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Trade-offs of Imperfect Competition |
242 |
Read. |
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Key Concepts and Summary |
242 |
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Review Questions |
244 |
optional |
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