This South-Western College Publishing website describes a situation in which oligopolistic firms vie for competition among consumers.

Concepts

economics, microeconomics, demand curve

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Additional Tags

e.f.6 competition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. compe, law of supply and demand, oligopoly and monopolistic competition: the kinked demand curve, south-western learning, monopoly

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Classroom Considerations

• Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)

• This resource is only available on an unencrypted HTTP website.It should be fine for general use, but don’t use it to share any personally identifiable information