Oligopoly and Monopolistic Competition

Oligopoly and Monopolistic Competition
Chapter 13 Oligopoly and Monopolistic Competition

Table 13.1 Properties of Monopoly, Oligopoly, Monopolistic Competition, and Competition
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Table 13.2 Profit Matrix for a Quantity-Setting Game

Figure 13.1 Competition Versus Cartel

Figure 13.2 American Airlines’ Profit-Maximizing Output

Figure 13.2a American Airlines’ Profit-Maximizing Output

Figure 13.2b American Airlines’ Profit-Maximizing Output

Figure 13.3 American and United’s Best-Response Curves

Figure 13.4 Duopoly Equilibria

Figure 13.4a Duopoly Equilibria

Figure 13.4b Duopoly Equilibria

Table 13.3 Cournot Equilibrium Varies with the Number of Firms

Figure 13.5 Stackelberg Game Tree

Figure 13.6 Stackelberg Equilibrium

Figure 13.7 Effects of a Government Subsidy on a Cournot Equilibrium

Figure 13.7a Effects of a Government Subsidy on a Cournot Equilibrium

Figure 13.7b Effects of a Government Subsidy on a Cournot Equilibrium

Table 13.4 Effects of a Subsidy Given to United Airlines

Table 13.5 Comparison of Airline Market Structures

Figure 13.8 Monopolistically Competitive Equilibrium

Figure 13.9 Monopolistic Competition Among Airlines

Figure 13.9a Monopolistic Competition Among Airlines

Figure 13.9b Monopolistic Competition Among Airlines

Figure 13.10 Bertrand Equilibrium with Identical Products

Figure 13.11 Bertrand Equilibrium with Differentiated Products

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