Chapter Thirteen Oligopoly and Monopolistic Competition.

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Presentation transcript:

Chapter Thirteen Oligopoly and Monopolistic Competition

© 2007 Pearson Addison-Wesley. All rights reserved.13–2 Table 13.1 Properties of Monopoly, Oligopoly, Monopolistic Competition, and Competition

© 2007 Pearson Addison-Wesley. All rights reserved.13–3 Table 13.2 Profit Matrix for a Quantity-Setting Game

© 2007 Pearson Addison-Wesley. All rights reserved.13–4 Figure 13.1 Competition Versus Cartel

© 2007 Pearson Addison-Wesley. All rights reserved.13–5 Figure 13.2 American Airlines’ Profit-Maximizing Output

© 2007 Pearson Addison-Wesley. All rights reserved.13–6 Figure 13.3 American and United’s Best-Response Curves

© 2007 Pearson Addison-Wesley. All rights reserved.13–7 Figure 13.4a Duopoly Equilibria

© 2007 Pearson Addison-Wesley. All rights reserved.13–8 Figure 13.4b Duopoly Equilibria

© 2007 Pearson Addison-Wesley. All rights reserved.13–9 Table 13.3 Cournot Equilibrium Varies with the Number of Firms

© 2007 Pearson Addison-Wesley. All rights reserved.13–10 Application (Page 442) Air Ticket Prices and Rivalry

© 2007 Pearson Addison-Wesley. All rights reserved.13–11 Figure 13.5 Stackelberg Game Tree

© 2007 Pearson Addison-Wesley. All rights reserved.13–12 Figure 13.6 Stackelberg Equilibrium

© 2007 Pearson Addison-Wesley. All rights reserved.13–13 Figure 13.7 Effect of a Government Subsidy on a Cournot Equilibrium

© 2007 Pearson Addison-Wesley. All rights reserved.13–14 Figure 13.7 Effect of a Government Subsidy on a Cournot Equilibrium (cont’d)

© 2007 Pearson Addison-Wesley. All rights reserved.13–15 Table 13.4 Effects of a Subsidy Given to United Airlines

© 2007 Pearson Addison-Wesley. All rights reserved.13–16 Page 452 Solved Problem 13.2

© 2007 Pearson Addison-Wesley. All rights reserved.13–17 Table 13.5 Comparison of Airline Market Structures

© 2007 Pearson Addison-Wesley. All rights reserved.13–18 Application (Page 453) Deadweight Losses in the Food and Tobacco Industries

© 2007 Pearson Addison-Wesley. All rights reserved.13–19 Figure 13.8 Monopolistically Competitive Equilibrium

© 2007 Pearson Addison-Wesley. All rights reserved.13–20 Figure 13.9 Monopolistic Competition Among Airlines

© 2007 Pearson Addison-Wesley. All rights reserved.13–21 Figure Bertrand Equilibrium with Identical Products

© 2007 Pearson Addison-Wesley. All rights reserved.13–22 Figure Bertrand Equilibrium with Differentiated Products

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