Unit 8: Monopolistic Competition and Oligopoly

Introduction

What’s in This Chapter? Monopolistically competitive industries and oligopoly industries are common market structures. This unit gives examples of each market structure, and explains that in most of these industries, there...

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Section 4: Oligopoly and Game Theory

Game Theory History Game theory has become increasingly important in microeconomics, as well as other disciplines, such as biology, psychology, sociology, and computer science. In economics, John Neumann and Oskar...

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Test Your Knowledge!

  Time limit: 0 Quiz-summary 0 of 10 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 Information This is a ten question multiple-choice quiz covering the material in this Unit. I hope you do well! You have already...

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