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Lecture 3

ECON 1BB3 Lecture Notes - Lecture 3: Monopolistic Competition, Perfect Competition, Oligopoly


Department
Economics
Course Code
ECON 1BB3
Professor
Bridget O' Shaughnessy
Lecture
3

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What affects your decision to go to the movies?

Markets: 

 
  
 !!
 "#
 $
  
 !%!
& '
 % 
 $(
  
 )#*
 !%!
Demand
+,-+.%
/ %%
 
 0
 1
& 
 2
 
3 4#
Law of Demand: 5-.65

Market Demand: !
o4#"7688969
7
: 2-.
: $!!-5..
o0increases6!
o0decreases6!
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