Introduction to Analyzing and Graphing Monopolistic Competition

What you’ll learn to do: calculate and graph a firm’s profit in monopolistic competition

Image of a hand with black pen drawing an upturned arrow on a pad of paper. There is a full coffee cup next to the drawing.

In this section, you will learn how to analyze the cost and revenue curves related to monopolistically competitive firms and use these graphs to determine the best price and quantity for a firm’s product.