Download presentation

Presentation is loading. Please wait.

Published byConnor Fletcher Modified over 2 years ago

1
Monopoly and the public interest AR = D £ Q MC monopoly MR

2
AR = D £ Q MC monopoly MR Q1Q1 P1P1 AC monopoly AC 1 Monopoly and the public interest

3
AR = D £ Q MC monopoly MR Q1Q1 P1P1 AC monopoly AC 1 Monopoly and the public interest

4
AR = D £ Q MC monopoly MR Q1Q1 P1P1 AC monopoly AC 1 Why do we think Monopoly is bad?

5
AR = D £ Q MC monopoly MR Q1Q1 P1P1 AC monopoly AC 1 P PC Q PC If we had perfect competition then P=MC, andquantity is higher and quantity is higher price is lower

6
AR = D £ Q MC monopoly MR QMQM PMPM AC M MC perfect competition P PC Q PC But what if Perfect competitive firm is small and unable to exploit returns to scale AC monopoly

7
AR = D £ Q MC monopoly MR QMQM PMPM AC M MC perfect competition P PC Q PC But what if Perfect competitive firm is small and unable to exploit returns to scale AC monopoly

Similar presentations

© 2017 SlidePlayer.com Inc.

All rights reserved.

Ads by Google