What is monopolistic competition?

What is oligopoly?

What is a cartel?

Why don't monopolies advertise?

Why don't perfect competitors advertise?

What is an example of a monopolistic competitor?

Why are the costs of producing and selling in a monopolistic market a bit higher than in a perfectly competitive market? (variety)

What is price discrimination?

What condition will keep firms from practicing price discrimination? What are concentration ratios? Why do cartels fail?

What is the sherman act?

What is the clayton act?

What is a monopoly?

What is perfect competition?

What is a price taker?