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Learning Goal: I’m working on a micro economics discussion question and need the explanation and answer to help me learn.

Week 11: Interactive activity

11.1 Learning Outcomes

  1. Describe and explain the effects of market entry
  2. Explore the effects of asymmetric information on the price, quality, and volume of a good sold in a market
  3. List the conditions for equilibrium in monopolistic competition
  4. Contrast monopolistic competition and perfect competition
  5. Analyze the sources and consequences of market externalities

11.2 Action Required:


Read the following to prepare for this week:

Survey of Economics, Chapter 8: Market Entry. Monopolistic Competition and Oligopoly


Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.

MIT Open Course Ware video lecture series, Oligopoly

11.3 Test your Knowledge (Question):

Question: Refer the above video and discuss how cartel turns oligopolies into monopoly.

11.4 Instructions

  • Answer the question in test your knowledge section.
  • Post your answer in the discussion board using the discussion link below (Week10: Interactive learning Discussion)