Description
This assignment’s learning objectives (MLO) are: MLO13.1: List the characteristics of monopolistic competition. MLO13.3: Explain why monopolistic competition delivers neither productive nor allocative efficiency. MLO13.4: Describe the characteristics of oligopoly. MLO13.5: Discuss how game theory relates to oligopoly. This assignment’s learning objectives (MLO) are: MLO13.1: List the characteristics of monopolistic competition. MLO13.3: Explain why monopolistic competition delivers neither productive nor allocative efficiency. MLO13.4: Describe the characteristics of oligopoly. MLO13.5: Discuss how game theory relates to oligopoly.