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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