monopoly

LECTURE ON: (a) FEATURES OF MONOPOLY (b) PRICE AND OUTPUT DETERMINATION UNDER MONOPOLY B.TECH ECE, MANAGERIAL ECONOMICS 11-FEB, 2013 Monopoly

Upload: navikajoshi

Post on 20-Jun-2015

55 views

Category:

Business

0 download

Report

Download

Embed Size (px):

DESCRIPTION

What is a Market? Explains about Markets and their types

TRANSCRIPT

LECTURE ON: (a) FEATURES OF MONOPOLY

(b) PRICE AND OUTPUT DETERMINATION UNDER MONOPOLY

B.TECH ECE, MANAGERIAL ECONOMICS11-FEB, 2013

Monopoly

FEATURES OF MONOPOLY

Single Producer

No close substitutes

No difference between firm and industry

No free entry

Monopolist controls only price or output

Revenue curve falls downwards from left to right

PRICE AND OUTPUT DETERMINATION UNDER MONOPOLY

Y-AXIS MC AC

OPQM = Total Cost

OSRM = Total Revenue

P Q OPQM - OSRM

PQRS = Abnormal Profits

S R

E AR

0 M X- AXIS

Thank You

UNIT III: MONOPOLY & OLIGOPOLY Monopoly Oligopoly Strategic Competition 7/20

Topic 4: Microeconomics Review: Monopoly · Microeconomics Review: Monopoly . ... Exercise of monopoly power is usually ... that Microsoft had abused and exercised monopoly power

Monopoly and monopoly behavior Alexandre Mateus Sara Levy Tiago Ratinho

ch13lecture - unf.edutraynham/ch13lecture.pdf · monopoly: • Buy a monopoly • Create a monopoly by rent seeking 13.3 MONOPOLY AND COMPETITION Buy A Monopoly Buying a firm (or

WHAT IS MONOPOLY? MONOPOLY A SIMPLE PRICE-SETTING FIRM

Chapter9 monopoly

Economics Section:Further Reading Keywords – Monopoly, Natural Monopoly, Patents, barriers, Class : y10 Lesson Topic: Monopoly Scheme of Work: Business

Actual Monopoly

LECTURE 8: Market Power: Monopoly and Monopsonycontents.kocw.or.kr/document/m8-Monopoly_and_Market_Power.pdf · Monopoly and Monopoly Power Sources of Monopoly Power The Social Costs

Monopoly. Monopoly: Why? u Natural monopoly (increasing returns to scale), e.g. (parts of) utility companies? u Artificial monopoly –a patent; e.g. a

Economics 2010 Lecture 13 Monopoly. Monopoly How monopoly arises Single price monopoly

Monopoly Outline - resources.saylor.org · 1 Monopoly 1 14.01 Principles of Microeconomics, Fall 2007 Chia-Hui Chen November 7, 2007 Lecture 22 Monopoly Outline 1. Chap 10: Monopoly

Monopoly. ●Monopoly Defined ●The Monopolist’s Supply Decision ●Can Anything Good Be Said About Monopoly? ●Price Discrimination Under Monopoly ●Monopoly

· Web viewOligopoly, monopoly and monopolistic competition Monopoly, perfect competition and monopoly Oligopoly, monopoly and perfect competition Perfect competition, oligopoly

Monopoly Structure: Monopoly

Monopoly Chapter 15-5 Comparison of Perfect Competition & Monopoly

Characteristics of a Monopoly D=AR=P > MR Monopoly Profit Maximization Comparing Monopoly to Perfect Competition Monopoly: Inefficient?? Price Discrimination

UNIT III: MONOPOLY & OLIGOPOLY Monopoly Oligopoly Strategic Competition 7/30

Chapter 5 & 6.2.1 Main Monopoly Chapter 5 & 6.2.1 Main Monopoly

Monopoly Topic 6. MONOPOLY- Contents 1. Monopoly Characteristics 2. Monopoly profit maximization 3. Assessment of Monopoly 4. Regulation of Monopoly 5

UNIT III: MONOPOLY & OLIGOPOLY Monopoly Oligopoly Strategic Competition 7/28

Monopoly. Monopoly A monopoly is one business firm that produces the entire market supply of a particular good or service. A monopoly is one business

The Monopoly Market power Monopoly equilibrium Welfare aspects

MODERN GAME. Monopoly is an American-originated board game MONOPOLY

ECON 308 Week 06 Monopoly & Monopoly Pricing (Chapter 7)

Monopoly. Learning Objectives: What is a Monopoly? What are the sources of Monopoly power? How does a Monopoly choose how much to produce and what price

Monopoly Outline Pure monopoly Barriers to entry Monopoly compared to competition Natural monopoly The regulatory dilemma Monopolistic competition

Chapter 12 Monopoly - Web hostingbettyj/203/topic7web.pdfChapter 11 Monopoly ch12: Monopoly 1 Monopoly Some introductory questions Question 1: Why is the fast food restaurant next

Monopoly Slideshow

natural monopoly