'Socially optimal price' diaporamas de présentation

Unit 4: Imperfect Competition

Unit 4: Imperfect Competition. REVIEW. Name That Concept Rules: Cannot use the word(s) Focus on the concept not word Ex: Price Maker. Name That Concept. Monopoly Imperfect Competition Barriers to Entry Dead Weight Loss Productive Efficiency. Name That Concept.

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Pure Monopoly

22. Pure Monopoly. Chapter Objectives. Characteristics of Pure Monopoly How Pure Monopoly Sets Profit Maximizing Output and Price The Economic Effects of Monopoly Why A Monopolist May Wish to Charge Different Prices in Different Markets. O 22.1. Characteristics. Single Seller

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Pure Monopoly

22. Pure Monopoly. Chapter Objectives. Characteristics of Pure Monopoly How Pure Monopoly Sets Profit Maximizing Output and Price The Economic Effects of Monopoly Why A Monopolist May Wish to Charge Different Prices in Different Markets. O 22.1. Characteristics. Single Seller

299 views • 25 slides

Unit 4: Imperfect Competition

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Pure Monopoly

Pure Monopoly. Chapter 11. Monopoly. Characteristics: Single seller No close substitutes Price maker Blocked entry Nonprice competition. Examples of Monopoly. Examples are relatively rare Government owned or regulated utility companies These are called natural monopolies.

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Unit 4 Problem Set

Unit 4 Problem Set. Name Team Name. Integrity Agreement.

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Chapter 9

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Market Failure #3 Monopolies

Market Failure #3 Monopolies. Monopoly Review. Draw a monopoly making a profit. Label price, output, and profit. Identify three specific reasons why monopolies are bad. Label the Fair Return price and output. Label the Socially Optimal price and output.

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