In class we reviewed the market for perfect competition and monopoly. The quiz will be on Thursday. It would be in your best interest to read the chapter summary and look through the multiple choice/extended response questions in Section 11 as a means of review.
Afterwards, students were introduced to an oligopoly, which is a market with few firms, products many be standardized or differentiated and there are barrier to entry. Towards, the end of class we briefly got into Game Theory and will look at it more next class.
The notes are attached and the homework is listed below.
HW - Read Modules 65/66
Study for Quiz
*Any make-up work due by Friday 3/27
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