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Documents Chapter 9 Imperfect Competition and Monopoly

CHAPTER 9 IMPERFECT COMPETITION AND MONOPOLY Presented by , Topics What is imperfect competition, sources of market imperfection 4 types of market structure& oligopoly…

Documents Why do monopoly markets exist?(11.6) Natural monopoly Barriers to entry.

Slide 1 why do monopoly markets exist?(11.6) Natural monopoly Barriers to entry Slide 2 Natural monopoly High fixed costs Average cost decreases with output: economies of…

Documents TR, MR and Demand TR= PQ,MR= (TR)/ Q D MR |E|=1.

Slide 1 TR, MR and Demand TR= PQ,MR=  (TR)/  Q D MR |E|=1 Slide 2 Production and Costs an Economist’s view Q = f ( L, K,….) Short-Run (production): K – fixed…

Documents why do monopoly markets exist?(11.6)

why do monopoly markets exist?(11.6) Natural monopoly Barriers to entry Natural monopoly High fixed costs Average cost decreases with output: economies of scale Low demand…