Monopolistic competition (HL only)

IB Economics: Monopolistic competition (HL only)

This lesson focuses on monopolistic competition. Your classes may have been unable to provide an example of a pure perfectly competitive market but will be able to provide several examples of industries in their area which are monopolistic in nature. Start by asking your class for examples of this type of market structure. The key point to state with this market structure is that while it may share many of the characteristics...

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