'Average cost pricing' diaporamas de présentation

Chapter 13

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Evaluating Monopoly

Evaluating Monopoly. Comparison with Perfect Competition. Market outcomes and efficiency. Higher price and lower output compared to the PC industry. Fig. 7.14 Impacts on surpluses (Fig. 7.15):

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A theory of yardstick competition

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Natural monopoly: public or private?

Natural monopoly: public or private?. Nationalisation and privatisation. Nationalisation the acquisition of private companies by the public sector Privatisation the return of state enterprises to private ownership and control. The monopoly would produce where MC=MR, with output

512 views • 9 slides