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Monopolistic Competition

Level:
A-Level
Board:
AQA, Edexcel, IB, OCR

Last updated 21 Mar 2021

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This is an updated revision presentation on the economics of monopolistic competition, a form of imperfect competition.

Students should be able to:

  • Carry out diagrammatic analysis of the market structure in both the short and long run
  • Understand the importance of advertising and differentiation for the model of monopolistic competition
  • Be able to contrast this with other market structures.
  • Students should be able to explain and evaluate the efficiency of monopolistic competition
Monopolistic Competition
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