PURE MONOPOLY CHAPTER 10

AN INTRODUCTION TO PURE
MONOPOLY
EXAMPLES OF PURE MONOPOLY AN INTRODUCTION TO PURE
MONOPOLY
DUAL OBJECTIVES OF THE STUDY OF AN INTRODUCTION TO PURE

MONOPOLY MONOPOLY
BARRIERS TO ENTRY
ECONOMIES OF SCALE BARRIERS TO ENTRY
LEGAL BARRIERS TO ENTRY: PATENTS BARRIERS TO ENTRY
LEGAL BARRIERS TO ENTRY: BARRIERS TO ENTRY
LICENSES
OWNERSHIP OR CONTROL OF BARRIERS TO ENTRY
ESSENTIAL RESOURCES
PRICING AND OTHER STRATEGIC BARRIERS TO ENTRY
BARRIERS TO ENTRY
MONOPOLY DEMAND
MARGINAL REVENUE IS LESS THAN MONOPOLY DEMAND
PRICE
THE MONOPOLIST IS A PRICE MAKER MONOPOLY DEMAND
THE MONOPOLIST SETS PRICES IN MONOPOLY DEMAND
THE ELASTIC REGION OF DEMAND
OUTPUT AND PRICE DETERMINATION
COST DATA OUTPUT AND PRICE
DETERMINATION
MR = MC RULE OUTPUT AND PRICE
DETERMINATION
NO MONOPOLY SUPPLY CURVE OUTPUT AND PRICE
DETERMINATION
MISCONCEPTIONS CONCERNING OUTPUT AND PRICE

MONOPOLY PRICING DETERMINATION

 MISCONCEPTIONS CONCERNING OUTPUT AND PRICE

MONOPOLY PRICING:NOT HIGHEST PRICE DETERMINATION

 MISCONCEPTIONS CONCERNING
MONOPOLY PRICING: TOTAL, NOT UNIT, OUTPUT AND PRICE
DETERMINATION

PROFIT
POSSIBILITY OF LOSSES BY OUTPUT AND PRICE

MONOPOLIST DETERMINATION
ECONOMIC EFFECTS OF MONOPOLY
PRICE, OUTPUT, AND EFFICIENCY ECONOMIC EFFECTS OF
MONOPOLY
INCOME TRANSFER ECONOMIC EFFECTS OF
MONOPOLY
COST COMPLICATIONS ECONOMIC EFFECTS OF
MONOPOLY
COST COMPLICATIONS: ECONOMIES ECONOMIC EFFECTS OF

OF SCALE ONCE AGAIN MONOPOLY

COST COMPLICATIONS: X- ECONOMIC EFFECTS OF

INEFFICIENCY MONOPOLY
COST COMPLICATIONS: RENT- ECONOMIC EFFECTS OF

SEEKING EXPENDITURES MONOPOLY

 COST COMPLICATIONS: ECONOMIC EFFECTS OF

TECHNOLOGICAL ADVANCE MONOPOLY

ASSESSMENT AND POLICY OPTIONS ECONOMIC EFFECTS OF
MONOPOLY
PRICE DISCRIMINATION
CONDITIONS PRICE DISCRIMINATION
EXAMPLES OF PRICE PRICE DISCRIMINATION
DISCRIMINATION
GRAPHICAL ANALYSIS PRICE DISCRIMINATION
REGULATED MONOPOLY
SOCIALLY OPTIMAL PRICE: P = MC REGULATED MONOPOLY
FAIR-RETURN PRICE: P = ATC REGULATED MONOPOLY
DILEMMA OF REGULATION REGULATED MONOPOLY
- FIN - THANK YOU!