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Market Structures: Monopoly

This presentation covers essential concepts of monopoly market structures, including revenue, cost, profit maximization, and economic profit for a monopolist. The slides provide visual aids and data for in-depth learning.

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Market Structures: Monopoly

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Presentation Transcript

  1. Market Structures: Monopoly Slide 2 presents a table that can be printed for each student. For best results, use "landscape" page orientation. Slides 3 through 10 plots and draws marginal revenue, marginal cost, average total cost, and average revenue (demand), respectively. Slide 11 presents the profit maximizing output and price for the monopolist. Slide 12 presents the total revenue received by the monopolist. Slide 13 presents the economic profit received by the monopolist. Slide 14 presents the total costs for the monopolist.

  2. Market Structures: Monopoly

  3. Market Structures: Monopoly costs/revenue 90 80 70 60 50 40 30 20 10 quantity 2 3 4 5 6 7 8 9 1

  4. Market Structures: Monopoly costs/revenue 90 80 70 60 50 40 30 20 10 MR quantity 2 3 4 5 6 7 8 9 1

  5. Market Structures: Monopoly costs/revenue 90 80 70 60 50 40 30 20 10 MR quantity 2 3 4 5 6 7 8 9 1

  6. Market Structures: Monopoly costs/revenue MC 90 80 70 60 50 40 30 20 10 MR quantity 2 3 4 5 6 7 8 9 1

  7. Market Structures: Monopoly costs/revenue MC 90 80 70 60 50 40 30 20 10 MR quantity 2 3 4 5 6 7 8 9 1

  8. Market Structures: Monopoly costs/revenue MC 90 80 70 ATC 60 50 40 30 20 10 MR quantity 2 3 4 5 6 7 8 9 1

  9. Market Structures: Monopoly costs/revenue MC 90 80 70 ATC 60 50 40 30 20 10 MR quantity 2 3 4 5 6 7 8 9 1

  10. Market Structures: Monopoly costs/revenue MC 90 80 70 ATC 60 50 40 30 20 AR (D) 10 MR quantity 2 3 4 5 6 7 8 9 1

  11. Market Structures: Monopoly costs/revenue MC 90 80 70 ATC 60 50 40 30 20 AR (D) 10 MR quantity 2 3 4 5 6 7 8 9 1

  12. Market Structures: Monopoly costs/revenue MC 90 80 70 ATC 60 50 40 30 20 AR (D) 10 MR quantity 2 3 4 5 6 7 8 9 1

  13. Market Structures: Monopoly costs/revenue MC 90 80 70 ATC 60 50 40 30 20 AR (D) 10 MR quantity 2 3 4 5 6 7 8 9 1

  14. Market Structures: Monopoly costs/revenue MC 90 80 70 ATC 60 50 40 30 20 AR (D) 10 MR quantity 2 3 4 5 6 7 8 9 1

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