Curated OER
Model of Monopolistic Competition
This site uses an example of "pushcarts on the beach" to demonstrate a monopolistically competitive market structure and how as more firms enter the market, price, quantity, and deadweight loss are all effected.
Texas Education Agency
Texas Gateway: Chapter 3: Demand and Supply: Key Concepts and Summary
This section summarizes the key concepts of Chapter 3: Demand and Supply from the TEA AP Macroeconomics online text.
Other
Egwald Web Services: Imperfect Competition Models: Monopolistic Competition
This site provides an in-depth examination of monopolistic competition, along with appropriate levels of output, price, and corresponding profits. This site is for the advanced student of economics.
Council for Economic Education
Econedlink: Profit Video and Quiz
This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated by subtracting a firm's costs of producing a good or service from the revenues received from selling the good...
Texas Education Agency
Texas Gateway: Ap Macroeconomics: Chapter 3: Demand and Supply: Key Terms
This is a list of terms and definitions used in Chapter 3: Demand and Supply from the TEA AP Macroeconomics online text.