Lesson 5: Monopolistic Competition and Oligopoly

Duration of Days: 2

Lesson Objective

Students will explain product differentiation, nonprice competition, oligopoly interdependence, game theory, advertising, and efficiency

How do firms compete when products are similar but not identical? Why do oligopolies consider the actions of rivals?

D2.Eco.1.9-12
D2.Eco.4.9-12
D2.Eco.5.9-12
D2.Eco.8.9-12

Students analyze imperfect competition through examples, comparison activities, and strategic decision-making scenarios. DOK Level 3

Role cards, comparison organizer, discussion stems, familiar product examples

Class discussion, comparison chart, or short response