Monopolistic Competition

How might advertising reduce economic well-being? How might advertising increase economic well-being?

Explain two benefits that might arise from the existence of brand names.

Oligopoly

If a group of sellers could form a cartel, what quantity and price would they try to set?

What is the prisoner's dilemma, and what does it have to do with oligopoly?

What kinds of behavior do anti-trust laws prohibit?