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Market Structures: Monopoly Slide 2 presents a table that can be printed for each student. For best results, use "landscape" page orientation. Slides 3.

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Presentation on theme: "Market Structures: Monopoly Slide 2 presents a table that can be printed for each student. For best results, use "landscape" page orientation. Slides 3."— Presentation transcript:

1 Market Structures: Monopoly Slide 2 presents a table that can be printed for each student. For best results, use "landscape" page orientation. Slides 3 through 10 plots and draws marginal revenue, marginal cost, average total cost, and average revenue (demand), respectively. Slide 11 presents the profit maximizing output and price for the monopolist. Slide 12 presents the total revenue received by the monopolist. Slide 13 presents the economic profit received by the monopolist. Slide 14 presents the total costs for the monopolist.

2 Market Structures: Monopoly QTCMCATCTRMRAR

3 costs/revenue quantity Market Structures: Monopoly

4 MR costs/revenue quantity Market Structures: Monopoly

5 MR costs/revenue quantity Market Structures: Monopoly

6 MC MR costs/revenue quantity Market Structures: Monopoly

7 MC MR costs/revenue quantity Market Structures: Monopoly

8 MC ATC MR costs/revenue quantity Market Structures: Monopoly

9 MC ATC MR costs/revenue quantity Market Structures: Monopoly

10 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

11 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

12 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

13 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

14 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

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