08/26/2013 1 Monopoly, Oligopoly, and Monopolistic Competition Chapter 8 Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin 8-2…

Slide 1 Fernando & Yvonn Quijano Prepared by: Market Power: Monopoly and Monopsony 10 C H A P T E R Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall…

Slide 1 Monopoly Slide 2 Chapter Outline ©2015 McGraw-Hill Education. All Rights Reserved. 2 Defining Monopoly Five Sources Of Monopoly The Profit-maximizing Monopolist…

Slide 1 Monopoly 12-1 Chapter 12 Market structure or environment in which one firm produces a good or service with no close substitutes. Slide 2 Chapter Outline Defining…

Monopoly Learning Objectives: What is a Monopoly? What are the sources of Monopoly power? How does a Monopoly choose how much to produce and what price to charge? What effect…

Fernando & Yvonn Quijano Prepared by: Market  Power: Monopoly  and Monopsony 10 C H A P T E R Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall…

Pindyck/Rubinfeld Microeconomics Chapter 10 Market Power: Monopoly & Monopsony Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall • Microeconomics…

8 Monopoly Harcourt, Inc. Copyright© 2006 Southwestern/Thomson Learning All rights reserved. Outline Monopoly Defined The Monopolist’s Supply Decision A Comparison of…

Slide 1 CHAPTER 12 Slide 2 MONOPOLY McGraw-Hill/IrwinCopyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. Slide 3 12-3 Chapter Outline Defining Monopoly…

Slide 1 Maximizing Profit: Profit = Total Revenue - Total Cost Total Revenue (TR) = P × Q Average Revenue (AR) = TR÷Q = Chapter 9: Slide 2 Marginal Revenue: It measures…