Microeconomics,, 16th Canadian Edition
- Review
- Problems
- 11 Imperfect Competition and Strategic Behaviour
A. Chapter Outline
B. Learning Objectives (LO)
C. 11.1 Imperfect Competition
- Between the Two Extremes
a. Industries with Many Small Firms
b. Industries with a Few Large Firms
c. Industrial Concentration
a. Concentration Ratios
b. Defining the Market
- Defining Imperfect Competition
a. Firms Differentiate Their Products
b. Firms Set Their Prices
c. Firms Engage in Non-Price Competition
a. 1. Advertising
b. 2. Product Quality
c. 3. Entry Barriers
d. Two In-Between Market Structures
D. 11.2 Monopolistic Competition
- The Assumptions of Monopolistic Competition
- Predictions of the Theory
a. The Short-Run Decision of the Firm
b. The Long-Run Equilibrium of the Industry
c. The Excess-Capacity Theorem
E. 11.3 Oligopoly and Game Theory
