INTERACTIVE FIGURES Monopoly CHAPTER 14
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Figure 14.1Figure 14.1
Figure 14.2Figure 14.2
Figure 14.3(a) Figure 14.3(a)
Figure 14.3(b) Figure 14.3(b)
Natural Monopoly
Demand and Marginal Revenue
Marginal Revenue and Elasticity: Demand and Marginal Revenue
Marginal Revenue and Elasticity: TotalRevenue
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Figure 14.5Figure 14.5
Figure 14.6(a) Figure 14.6(a)
Monopoly’s Smaller Output and Higher Price
The Inefficiency of Monopoly: PerfectCompetition
Figure 14.4(a) Figure 14.4(a)
Figure 14.4(b) Figure 14.4(b)
A Monopoly’s Profit-Maximizing Output andPrice: Total Revenue and Total Cost
A Monopoly’s Profit-Maximizing Output andPrice: Demand, Marginal Revenue, and Marginal Cost
Table 14.1Table 14.1 A Monopoly’s Output and Price Decision
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Figure 14.9Figure 14.9
Figure 14.10Figure 14.10
Price Discrimination
Perfect Price Discrimination
Figure 14.7Figure 14.7
Figure 14.8Figure 14.8
Rent-Seeking Equilibrium
A Single Price of Air Travel
Figure 14.6(b) Figure 14.6(b) The Inefficiency of Monopoly: Monopoly