Markets with Market Power

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Presentation transcript:

Markets with Market Power Chapter Seventeen: Markets with Market Power

Table 17.1 Total and Marginal Revenue for a Monopolist

Figure 17.1 Monopoly Profit Maximization

Figure 17.2 Welfare Analysis of Monopoly

Figure 17.3 Price Discrimination

Figure 17.4 A Perfectly Price-Discriminating Monopolist

Figure 17.5 The Effect of Firm Entry on the Demand Curve for a Monopolistically Competitive Firm

Figure 17.6 A Payoff Matrix

Figure 17.7 The Prisoner’s Dilemma

Figure 17.8 Concentration Ratios for Select Industries, United States 2012 Source: U.S. Census Bureau, 2012 Economic Census. Note: Manufacturing concentration ratios based on value-added. All other concentration ratios based on revenues.

Chapter 17 Exercise 1

Chapter 17 Exercise 2

Figure 17.9 Monopoly Profits

Figure 17.10 Zero Economic Profits for a Monopolistically Competitive Firm

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