Chapter 11 Industrial Structure and Trade in the Global Economy—Businesses without Borders PowerPoint Presentation by Charlie Cook Copyright © 2004 South-Western/Thomson.

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Presentation transcript:

Chapter 11 Industrial Structure and Trade in the Global Economy—Businesses without Borders PowerPoint Presentation by Charlie Cook Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

A Hypothetical Long-Run Average Cost Curve for an Aircraft Industry Figure 11-1 A Hypothetical Long-Run Average Cost Curve for an Aircraft Industry Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

Demand, Production, and Pricing at a Monopolistically Competitive Firm Price and Cost per Unit Price and Cost per Unit Price and Cost per Unit Figure 11-2 Demand, Production, and Pricing at a Monopolistically Competitive Firm Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

The Effects of Intra-Industry Trade under Monopolistic Competition Figure 11-3 The Effects of Intra-Industry Trade under Monopolistic Competition Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

Figure 11-4 Comparing Monopoly with Perfect Competition with Constant Marginal Cost Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

Domestic Dumping by a Foreign Monopoly Figure 11-5 Domestic Dumping by a Foreign Monopoly Copyright © 2004 South-Western/Thomson Learning. All rights reserved.

Questions and Problems- 10) Table Key: Sales are in millions of units of the national currency; % denotes percentage of domestic and foreign share of total domestic sales, rounded to the nearest tenth of one percentage point; %2 denotes squared percentage of market share of sales, rounded to the nearest whole number. Copyright © 2004 South-Western/Thomson Learning. All rights reserved.