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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 00 160 90 211050551607080 315040502105070 418030452403060 522040442501050 62705045240-1040 73408050210-3030 848014060160-5020

3 10 20 30 40 50 60 70 80 90 1 23456789 costs/revenue quantity Market Structures: Monopoly

4 10 20 30 40 50 60 70 80 90 1 23456789 MR costs/revenue quantity Market Structures: Monopoly

5 10 20 30 40 50 60 70 80 90 1 23456789 MR costs/revenue quantity Market Structures: Monopoly

6 10 20 30 40 50 60 70 80 90 1 23456789 MC MR costs/revenue quantity Market Structures: Monopoly

7 10 20 30 40 50 60 70 80 90 1 23456789 MC MR costs/revenue quantity Market Structures: Monopoly

8 10 20 30 40 50 60 70 80 90 1 23456789 MC ATC MR costs/revenue quantity Market Structures: Monopoly

9 10 20 30 40 50 60 70 80 90 1 23456789 MC ATC MR costs/revenue quantity Market Structures: Monopoly

10 10 20 30 40 50 60 70 80 90 1 23456789 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

11 10 20 30 40 50 60 70 80 90 1 23456789 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

12 10 20 30 40 50 60 70 80 90 1 23456789 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

13 10 20 30 40 50 60 70 80 90 1 23456789 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

14 10 20 30 40 50 60 70 80 90 1 23456789 MC ATC AR (D) MR costs/revenue quantity Market Structures: Monopoly

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