INTERACTIVE FIGURES Monopoly CHAPTER 14. Click on button to go to figure Figure 14.1 Figure 14.2 Figure 14.3(a) Figure 14.3(b) Natural Monopoly Demand.

Slides:



Advertisements
Similar presentations
Competition In Imperfect Markets. Profit Maximization By A Monopolist The monopolist must take account of the market demand curve: - the higher the price.
Advertisements

CHAPTER 12. MONOPOLY McGraw-Hill/IrwinCopyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Elasticity and Government Excise Tax Revenue Activity 21.
Monopoly & Oligopoly Chapter 15 & 16 Week 12, 13.
MBMC Copyright c 2004 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 6: Perfectly Competitive Supply Slide 1 Profit-Maximizing Firms in.
Natural Monopolies and Regulation. Natural Monopoly In markets with a natural monopoly there may be one firm. Economies of scale indicate that at marginal.
Possible Barriers to Entry “a market served by a single firm” 14 Monopoly.
Chapter Twenty-Six Factor Markets. A Competitive Firm’s Input Demands u A purely competitive firm is a price- taker in its output and input markets. u.
Economic Conditions Created by the Grant of a Patent $ Quantity.
Monopoly CHAPTER 12. After studying this chapter you will be able to Explain how monopoly arises and distinguish between single-price monopoly and price-discriminating.
12 MONOPOLY CHAPTER.
Figure 8.2 How a Competitive Firm Maximizes Profit
12 MONOPOLY CHAPTER.
Which curve is the demand curve? –Curve 1 Which curve is the marginal revenue curve? –Curve 2 Why? –For a monopoly to sell more, they must decrease price,
Introduction to Monopoly. The Monopolist’s Demand Curve and Marginal Revenue Recall: Optimal output rule: a profit-maximizing firm produces the quantity.
CHAPTER 14 Monopoly. 2 What you will learn in this chapter: The significance of monopoly, where a single monopolist is the only producer of a good How.
Price Discrimination Price discrimination is the practice of selling different units of a good or service for different prices. To be able to price discriminate,
INTERACTIVE FIGURES PART 6 Demand and Supply in Factor Markets CHAPTER 18 HOW INCOMES ARE DETERMINED.
Are Monopolies Desirable?
Chapter 11: Monopoly.
Eco 6351 Economics for Managers Chapter 7. Monopoly Prof. Vera Adamchik.
Pure Competition Chapter 10. Chapter 23 Table 23.1 Four types of Market Organization.
Norwood and Lusk: Agricultural Marketing & Price Analysis © 2008 Pearson Education, Upper Saddle River, NJ All Rights Reserved. Chapter 2 Basic.
10 Monopoly The price of monopoly is upon every occasion the highest which can be got. ADAM SMITH Monopoly The price of monopoly is upon every occasion.
1 Chapter 8 Practice Quiz Tutorial Monopoly ©2004 South-Western.
CHAPTER 14 Monopoly PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.
Chapter 15 Factor Markets and Vertical Integration.
1 Chapter 11: Monopoly. 2 Monopoly Assumptions: Restricted entry One firm produces a distinct product Implications: A monopolist firm is a ‘price setter,’
Economics Winter 14 March 31 st, 2014 Lecture 29 Ch. 13: Pure monopoly.
Monopoly CHAPTER 12. After studying this chapter you will be able to Explain how monopoly arises and distinguish between single-price monopoly and price-discriminating.
MONOPOLY MONOPOLY Asst. Prof. Dr. Serdar AYAN. Causes of Monopoly u Legal restrictions u Patents u Control of a scarce resources u Deliberately-erected.
Chapter Sixteen: Markets Without Power. Perfect Competition.
CHAPTER 12. MONOPOLY McGraw-Hill/IrwinCopyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Copyright © 2006 Thomson Learning 15 Monopoly. Figure 1 Economies of Scale as a Cause of Monopoly Copyright © 2004 South-Western Quantity of Output Average.
Chapter 24 MONOPOLY Maximizing profits The monopolist will always set p=p(y). r(y)=p(y)y The monopolist’s profit-maximization problem then takes.
MONOPOLY 12 CHAPTER. Objectives After studying this chapter, you will able to  Explain how monopoly arises and distinguish between single-price monopoly.
KRUGMAN'S MICROECONOMICS for AP* Introduction to Monopoly Margaret Ray and David Anderson Micro: Econ: Module.
Review pages Explain what it means to say that the monopolist is a “price maker.” 2. Explain the relationship between output and price for.
Chapter 11 The World of Oligopoly: Preliminaries to Successful Entry.
Chapter Four: Elasticity. The Price Elasticity of Demand.
7-1 Economics: Theory Through Applications. 7-2 This work is licensed under the Creative Commons Attribution-Noncommercial-Share Alike 3.0 Unported License.
Chapter 24. The coincidence of the inverse demand curve D and the average revenue curve AR.
© 2010 Pearson Education Canada Monopoly ECON103 Microeconomics Cheryl Fu.
Chapter 14 Questions and Answers.
3 DEMAND AND SUPPLY Click on button to go to figure © 2016 Pearson Education Figure 3.3 Figure 3.2 Figure 3.1 The Demand Curve An Increase in Demand.
Lecture 15, Chapter 13 Price Discrimination and Perfect Price Discrimination.
Pure Competition in the Short Run 10 McGraw-Hill/IrwinCopyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Lecture 6: Monopoly Advanced Micro Theory MSc.EnviNatResEcon. 1/2006 Charit Tingsabadh.
Chapter: 14 >> Krugman/Wells Economics ©2009  Worth Publishers Monopoly.
CH13 : MONOPOLY CH13 : MONOPOLY Asst. Prof. Dr. Serdar AYAN.
13 MONOPOLY. © 2012 Pearson Education A monopoly is a market:  That produces a good or service for which no close substitute exists  In which there.
Monopoly.
Chapter 8: Short-Run Costs and Output Decisions. Firm’s Decisions.
Monopoly.
15 Monopoly.
Chapter 17 Appendix DERIVED DEMAND.
Markets with Market Power
15 Monopoly.
Markets with Market Power
Chapter Seventeen: Markets Without Power.
CHAPTER Perfect Competition 8.
Markets with Market Power
Unit 4 Problem Set Rubric
EQUATION Marginal Revenue and the Price Elasticity of Demand
Firms in Competitive Markets
16 Monopoly CLICKER QUESTIONS Notes and teaching tips: 3, 4, 5, 6, 7, 13, 16, 17, 19, 20,
Perfectly Competitive Markets
Monopoly.
Are Monopolies Desirable?
Presentation transcript:

INTERACTIVE FIGURES Monopoly CHAPTER 14

Click on button to go to figure Figure 14.1 Figure 14.2 Figure 14.3(a) Figure 14.3(b) Natural Monopoly Demand and Marginal Revenue Marginal Revenue and Elasticity: Demand and Marginal Revenue Marginal Revenue and Elasticity: Total Revenue

Click on button to go to figure Figure 14.5 Figure 14.6(a) Monopoly’s Smaller Output and Higher Price The Inefficiency of Monopoly: Perfect Competition Figure 14.4(a) Figure 14.4(b) A Monopoly’s Profit-Maximizing Output and Price: Total Revenue and Total Cost A Monopoly’s Profit-Maximizing Output and Price: Demand, Marginal Revenue, and Marginal Cost Table 14.1 A Monopoly’s Output and Price Decision

Click on button to go to figure Figure 14.9 Figure Price Discrimination Perfect Price Discrimination Figure 14.7 Figure 14.8 Rent-Seeking Equilibrium A Single Price of Air Travel Figure 14.6(b) The Inefficiency of Monopoly: Monopoly

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.