TAILIEUCHUNG - Lecture Managerial economics: Chapter 14 - Dr. Hasnain Naqvi

Chapter 14 - Monopolistic competition. After studying this chapter, you will able to: Define and identify monopolistic competition, explain how output and price are determined in a monopolistically competitive industry, explain why advertising costs are high in a monopolistically competitive industry. | MONOPOLISTIC COMPETITION Understanding real-world markets Students have no difficulty seeing monopolistic competition in the world all around them. Emphasize that the work they’ve just done understanding the models of perfect competition and monopoly are not wasted because the real-world situation of monopolistic competition, as its name implies, is a mixture of both extremes. Some of what they learned in each of the two previous chapters survives and operates in the middle ground of monopolistic competition. Objectives Define and identify monopolistic competition Explain how output and price are determined in a monopolistically competitive industry Explain why advertising costs are high in a monopolistically competitive industry After studying this chapter, you will able to Understanding real-world markets Students have no difficulty seeing monopolistic competition in the world all around them. Emphasize that the work they’ve just done understanding the models of perfect .

• Kinh tế học
• Managerial economics
• Lecture Managerial economics
• Economic principles
• Kinh tế học quản lý
• Fundamentals of managerial economics
• Monopolistic competition
• Market interactions
• Marginal analysis
• Marginal benefit
• Price discrimination
• Oligopoly games
• Traditional oligopoly models
• Capital market
• Labour market
• Economic equations
• Economic applications
• Economic applications of derivatives
• Economic application
• Multi variable functions
• Constrained optimization
• Scatter diagram
• Forms of money
• Monetary policy
• Perfect competition
• Demand function
• Supply function
• Quantitative demand analysis
• Theory of individual behavior
• Demand estimation
• Production function
• Costs of production
• Organizing production