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Lecture 6: Monopoly Advanced Micro Theory MSc.EnviNatResEcon. 1/2006 Charit Tingsabadh
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Chapter 11 Monopoly
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Figure 11.1 Average and Marginal Revenue
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Figure 11.1a Average and Marginal Revenue
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Figure 11.1b Average and Marginal Revenue
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Figure 11.2 Elasticity of Demand and Total, Average, and Marginal Revenue
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Table 11.1 Quantity, Price, Marginal Revenue, and Elasticity for the Linear Inverse Demand Curve p = 24 – Q
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Figure 11.3 Maximizing Profit
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Table 11.2 Elasticity of Demand, Price, and Marginal Cost
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Figure 11.4 Effects of a Shift of the Demand Curve
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Figure 11.4a Effects of a Shift of the Demand Curve
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Figure 11.4b Effects of a Shift of the Demand Curve
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Figure 11.5 Deadweight Loss of Monopoly
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Page 367 Solved Problem 11.1
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Figure 11.6 Ad Valorem Versus Specific Tax
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Figure 11.7 Natural Monopoly
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Application (Page 372) Electric Power Utilities
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Application (Page 376) Botox Patent Monopoly
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Figure 11.8 Optimal Price Regulation
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Page 380 Solved Problem 11.3
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Figure 11.9 Regulating an Electric Utility
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Figure 11.10 Dominant Firm-Competitive Fringe Equilibrium
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