Monopoly - PowerPoint PPT Presentation

1 / 9
About This Presentation
Title:

Monopoly

Description:

Title: Monoply Author: Ryan C. Amacher Last modified by: Amacher Created Date: 9/9/1999 8:18:09 PM Document presentation format: On-screen Show Other titles – PowerPoint PPT presentation

Number of Views:330
Avg rating:3.0/5.0
Slides: 10
Provided by: Ryan1396
Category:
Tags: monoply | monopoly

less

Transcript and Presenter's Notes

Title: Monopoly


1
Monopoly
2
Characteristics
  • One seller
  • No close substitutes
  • Price Searcher
  • Overview

3
Profits Barriers to Entry
  • Natural
  • Artificial
  • Governmental

4
Monopoly Power Price Discrimination
  • In Theory
  • In Practice
  • Gainers Losers
  • Dumping
  • Old people - students

5
How Monopoly Compared to Perfect Competition
  • Higher Prices
  • Less output

6
Is Monopoly Bad?
  • Monopoly Losses
  • Monopoly in the Long-Run
  • Real World monopoly

7
The Costs of Monopoly
  • Deadweight Loss
  • Monopoly Rent Seeking
  • Managerial Inefficiency

8
Facts Fallacies About Monopoly
9
Facts Fallacies About Monopoly
  • Monopolies charge the highest possible price
  • Monopolies always earn (high) profits
  • Monopolists dont have to worry about demand
  • Monopolies charge a price higher than marginal
    cost
  • Monopolists produce where demand is elastic
  • Monopolies do not have supply curves
  • The monopolist ultimately faces competition
Write a Comment
User Comments (0)
About PowerShow.com