Presentation is loading. Please wait.

Presentation is loading. Please wait.

Average total cost $20 15 10 0 50200 Quantity 100.

Published byCorey Stanley Modified over 9 years ago

Similar presentations

Presentation on theme: "Average total cost $20 15 10 0 50200 Quantity 100."— Presentation transcript:

1

2

3

4

5 Average total cost $20 15 10 0 50200 Quantity 100

6

7 $750 500 250 Total-revenue curve Total revenue $200 150 100 50 0 024681012141618Q ElasticInelastic Demand and marginal-revenue curve Price

8 Price, costs, and revenue Quantity Q109876543210 50 75 100 125 150 175 $200

9

10

11 Average total costs Quantity ATC x ATC 1 ATC x’ ATC 2 Q2Q2 Q1Q1 0

12

13

14 Price and costs A1A1 P1P1 Q1Q1 Q1Q1 Q2Q2 A2A2 Single-price monopolistPerfectly discriminating monopolist

15 Price and costs (dollars) Quantity QmQm QfQf QrQr PrPr PfPf PmPm

16

Download ppt "Average total cost $20 15 10 0 50200 Quantity 100."

Similar presentations

McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Pure Monopoly Chapter 10.

McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Pure Monopoly Chapter 10.
24 - 1 Copyright McGraw-Hill/Irwin, 2002 Four Market Models Monopoly Examples Barriers to Entry The Natural Monopoly Case Monopoly Demand Monopoly Revenues.

Copyright McGraw-Hill/Irwin, 2002 Four Market Models Monopoly Examples Barriers to Entry The Natural Monopoly Case Monopoly Demand Monopoly Revenues.
Monopoly. Maximize Profit Condition A Monopolistic maximizes profit by producing quantity Q * where marginal revenue equals marginal cost MR ( Q * ) =

Monopoly. Maximize Profit Condition A Monopolistic maximizes profit by producing quantity Q * where marginal revenue equals marginal cost MR ( Q * ) =
At what Q is TR maximized? How do you know this is a maximum

At what Q is TR maximized? How do you know this is a maximum
Imperfect Competition

Imperfect Competition
Monopolistic competition Is Starbuck’s coffee really different from any other?

Monopolistic competition Is Starbuck’s coffee really different from any other?
Managerial Economics & Business Strategy

Managerial Economics & Business Strategy
Chapter 13 Antitrust & Regulation 6/21/2015. What is a Monopoly? A market structure consisting of one firm producing a good that has no close substitutes.

Chapter 13 Antitrust & Regulation 6/21/2015. What is a Monopoly? A market structure consisting of one firm producing a good that has no close substitutes.
Market Equilibrium We will consider the two extreme cases Perfect Competition Monopoly.

Market Equilibrium We will consider the two extreme cases Perfect Competition Monopoly.
Managerial Economics & Business Strategy Chapter 8 Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets.

Managerial Economics & Business Strategy Chapter 8 Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets.
The imposition of a per-unit tax on Supply Exhibit the effect of the tax on: Pre-tax Price and Quantity Pre-tax Total expenditure on the good Pre-tax Producer.

The imposition of a per-unit tax on Supply Exhibit the effect of the tax on: Pre-tax Price and Quantity Pre-tax Total expenditure on the good Pre-tax Producer.
1 © 2010 South-Western, a part of Cengage Learning Chapter 9 Monopoly Microeconomics for Today Irvin B. Tucker.

1 © 2010 South-Western, a part of Cengage Learning Chapter 9 Monopoly Microeconomics for Today Irvin B. Tucker.
Managerial Economics & Business Strategy

Managerial Economics & Business Strategy
 relatively small economies of scale  many firms  product differentiation  close but not perfect substitutes  product characteristics, location, services.

 relatively small economies of scale  many firms  product differentiation  close but not perfect substitutes  product characteristics, location, services.
Pure Monopoly 10 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Pure Monopoly 10 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
The University of Chicago

The University of Chicago
AP MICRO ECONOMICS EXAM REVIEW A C F B D E W RobotsRobots Shoes Production Possibility Curve.

AP MICRO ECONOMICS EXAM REVIEW A C F B D E W RobotsRobots Shoes Production Possibility Curve.
11 - 1 Copyright McGraw-Hill/Irwin, 2005 Four Market Models Monopoly Examples Barriers to Entry The Natural Monopoly Case Monopoly Demand Monopoly Revenues.

Copyright McGraw-Hill/Irwin, 2005 Four Market Models Monopoly Examples Barriers to Entry The Natural Monopoly Case Monopoly Demand Monopoly Revenues.
Monopoly. Monopoly Opposite of PC Occurs when output of entire industry is produced and sold by a single firm referred to as Monopolist.

Monopoly. Monopoly Opposite of PC Occurs when output of entire industry is produced and sold by a single firm referred to as Monopolist.
Monopolistic Competition Long Run Equilibrium Chapter 17 Pages 373-386.

Monopolistic Competition Long Run Equilibrium Chapter 17 Pages

Similar presentations

Ads by Google