- A Level
- AQA, Edexcel, OCR, IB
Last updated 21 Mar 2021
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