1. Chapter 10 Natural Monopoly and the Economics of Regulation

2. Copyright © 2001 Addison Wesley LongmanSlide 10- 2 Figure 10.1 Cost Curves for the Water Supply Firm

3. Copyright © 2001 Addison Wesley LongmanSlide 10- 3 Figure 10.2 Natural Monopoly and Market Entry

4. Copyright © 2001 Addison Wesley LongmanSlide 10- 4 Figure 10.3 A Sustainable Monopoly

5. Copyright © 2001 Addison Wesley LongmanSlide 10- 5 Figure 10.4 Monopoly Price and Quantity

6. Copyright © 2001 Addison Wesley LongmanSlide 10- 6 Figure 10.5 The Entry-Prevention Game of a Sustainable Monopoly

7. Copyright © 2001 Addison Wesley LongmanSlide 10- 7 Figure 10.6 The Entry Game I

8. Copyright © 2001 Addison Wesley LongmanSlide 10- 8 Figure 10.7 The Entry Game II

9. Copyright © 2001 Addison Wesley LongmanSlide 10- 9 Figure 10.8 The Social Waste of Monopoly

10. Copyright © 2001 Addison Wesley LongmanSlide 10- 10 Figure 10.9 The Contestable Market Entry Game

11. Copyright © 2001 Addison Wesley LongmanSlide 10- 11 Figure 10.10 The Averch-Johnson Analysis

12. Copyright © 2001 Addison Wesley LongmanSlide 10- 12 Figure 10.11 The Harrison- McKee Experiment

13. Copyright © 2001 Addison Wesley LongmanSlide 10- 13 Figure 10.12 Ramsey Pricing

14. Copyright © 2001 Addison Wesley LongmanSlide 10- 14 Figure 10.13 A Demsetz Auction

15. Copyright © 2001 Addison Wesley LongmanSlide 10- 15 Figure 10.14

16. Copyright © 2001 Addison Wesley LongmanSlide 10- 16 Figure 10.15

17. Copyright © 2001 Addison Wesley LongmanSlide 10- 17 Figure 10.16