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marketstructurereview-121123101318-phpapp02.pdf
- 2. Four Types
- 3. Four Types Perfect Competition Monopoly Monopolistic Competition Oligopoly
- 4. Four Types
- 5. Four Types Perfect Competition Monopoly Monopolistic Competition Oligopoly
- 6. Four Types
- 7. Four Types Perfect Competition Monopoly Monopolistic Competition Oligopoly
- 9. Perfect Competition No market power Flat demand curve Commodity MC = MR
- 10. Monopoly
- 11. Monopoly Some market power Downward demand curve MR steeper than Demand Barrier to Entry MC = MR
- 12. Three types of Monopoly
- 13. Three types of Monopoly One Price Two Price - Coupon Multiple Prices - Discrimination
- 15. Monopolistic Competition Start as monopoly but end as perfect competition Demand flattens Lose market power
- 18. Oligopoly
- 19. Oligopoly Two Firms Game Theory Prisoner’s Dilemma
- 20. Sellers have the most market power in which market structure?
- 21. Sellers have the most market power in which market structure? Monopoly with Price Discrimination
- 22. Sellers have the least market power in which market structure?
- 23. Sellers have the least market power in which market structure? Perfect Competition
- 24. Most sellers exist in which market structure?
- 25. Most sellers exist in which market structure? Monopolistic Competition or Brand Competition
- 26. Sellers worry most about other sellers in which market structure?
- 27. Sellers worry most about other sellers in which market structure? Oligopoly
- 28. Why can a monopolist charge more?
- 29. Why can a monopolist charge more? Market Power Less competition Price Maker