• Use the principles of game theory to explain firm behavior in an oligopoly.
• Evaluate the degree of economic efficiency present in a monopolistic competition market.
• Identify examples of industries that are classified as monopolistic competition and as oligopolies.
• Identify the types of entry barriers that might be present in an oligopoly.

Identify why cartels typically fail in the long term.

Have we covered the learning objectives? Do you have any questions? What will you take away from this week's discussions and assignments?