Today we will continue study the behavior of firms in monopolistically competitive industries, ones where there are many firms that are able to differentiate their product. You should read the text chapter identified below in the homework section, watch the related videos for help in understanding this material, do the activities identified, in the homework section and be prepared for the Problem of the Day. This page contains all the information you need for today's class. Use the table of contents on the right to help you navigate.
Read Mankiw (Chapter 16).
Watch these videos.
Khan Academy
Problem of the Day: Not today!
Lecture: Monopolistic Competition
Activities: 44 and 45
Related Readings