{"id":940,"date":"2015-04-30T21:39:15","date_gmt":"2015-04-30T21:39:15","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymicro1xngcxmaster\/?post_type=chapter&#038;p=940"},"modified":"2015-07-11T14:40:06","modified_gmt":"2015-07-11T14:40:06","slug":"learning-outcome-monopolistically-competitive-industries","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/atd-herkimer-microeconomics\/chapter\/learning-outcome-monopolistically-competitive-industries\/","title":{"raw":"Outcome: Monopolistically Competitive Industries","rendered":"Outcome: Monopolistically Competitive Industries"},"content":{"raw":"<h2>What you'll learn to do: define the characteristics of a monopolistically competitive industry<\/h2>\r\nIn this outcome, you\u00a0will come to understand how and why some markets are NOT perfectly competitive, but more closely resemble markets for monopolies.\r\n\r\nHere are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:\r\n<ul>\r\n\t<li>Understand the difference between the firm and the industry<\/li>\r\n<\/ul>\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include the following:\r\n<ul>\r\n\t<li>Reading:\u00a0Introducing Monopolistic Competition<\/li>\r\n\t<li>Reading:\u00a0Monopolistic Competition<\/li>\r\n\t<li>Self Check: Monopolistically Competitive Industries<\/li>\r\n<\/ul>\r\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do: define the characteristics of a monopolistically competitive industry<\/h2>\n<p>In this outcome, you\u00a0will come to understand how and why some markets are NOT perfectly competitive, but more closely resemble markets for monopolies.<\/p>\n<p>Here are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:<\/p>\n<ul>\n<li>Understand the difference between the firm and the industry<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include the following:<\/p>\n<ul>\n<li>Reading:\u00a0Introducing Monopolistic Competition<\/li>\n<li>Reading:\u00a0Monopolistic Competition<\/li>\n<li>Self Check: Monopolistically Competitive Industries<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-940\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":2,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen 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