OligopolyOligopolyBy Sonny, Pat, and BridgetBy Sonny, Pat, and Bridget

Imperfect Oligopoly

Kinked Demand CurveKinked Demand Curve

Increase Price = Elastic

Increase Price = Inelastic

Marginal Revenue Marginal Revenue CurveCurve

Marginal Cost CurvesMarginal Cost Curves

Normal ProfitNormal Profit

Abnormal ProfitAbnormal Profit

LossLoss

Monopolistic Monopolistic CompetitionCompetition

MonopolyMonopoly

Perfect CompetitionPerfect Competition

The EndThe EndThank you for listening!Thank you for listening!