12 - 11 Copyright McGraw-Hill/Irwin, 2005 Monopolistic Competition Characteristics Price and Output in Monopolistic Competition Monopolistic Competition and Efficiency Oligopoly Oligopolies and Mergers Three Oligopoly Models Kinked-Demand Theory Cartels and Collusion Price Leadership Oligopoly and Efficiency Key Terms Previous Slide Next Slide End Show D MR MC P 3 = A 3 ATC Price and Costs Q3Q3 Quantity Long-Run Equilibrium Price is Not = Minimum ATC Price MC MONOPOLISTIC COMPETITION AND EFFICIENCY
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