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101 lecture 16 monopolistic competition
- 1. Microeconomics Lecture 16 Monopolistic Competition
- 2. Monopolistic Competition Brand Competition
- 3. Monopolistic Competition Brand Competition
- 4. The Four Market Structures
- 5. The Four Market Structures
- 6. The Four Market Structures
- 7. The Four Market Structures Perfect Competition
- 8. The Four Market Structures Perfect Competition Monopoly
- 9. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand
- 10. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly
- 11. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms
- 12. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many
- 13. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One
- 14. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many
- 15. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few
- 16. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product
- 17. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical
- 18. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique
- 19. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated
- 20. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either
- 21. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry
- 22. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy
- 23. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked
- 24. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy
- 25. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard
- 26. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Examples
- 27. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Examples Commodities Rice
- 28. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Examples Commodities Rice Government Utilities
- 29. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Examples Commodities Rice Government Utilities Brands Clothing Restaurants
- 30. The Four Market Structures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly Number of Firms Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Examples Commodities Rice Government Utilities Brands Clothing Restaurants Manufacturing Cars Computers
- 31. Number Marginal Cost Total Cost Average Cost 1 2 3 4 5
- 32. Number Marginal Cost Total Cost Average Cost 1 5 2 4 3 6 4 9 5 16
- 33. Number Marginal Cost Total Cost Average Cost 1 5 5 5 2 4 9 4.5 3 6 15 5 4 9 24 6 5 16 40 8
- 34. Number Marginal Cost Total Cost Average Cost 1 40 2 60 3 90 4 160 5 250
- 35. Number Marginal Cost Total Cost Average Cost 1 40 40 40 2 20 60 30 3 30 90 30 4 70 160 40 5 90 250 50
- 36. Number Marginal Cost Total Cost Average Cost 1 300 2 420 3 600 4 800 5 1500
- 37. Number Marginal Cost Total Cost Average Cost 1 300 300 300 2 540 840 420 3 960 1800 600 4 1400 3200 800 5 4300 7500 1500
- 38. Q $ Monopoly D MR
- 39. Q $ D =MR Perfect Competition
- 40. Q $ D =MR Perfect Competition
- 41. Q $ D =MR Perfect Competition
- 42. Q $ D =MR Perfect Competition
- 43. Q $ D =MR Perfect Competition
- 44. Q $ D =MR Perfect Competition
- 45. Q $ D =MR Perfect Competition
- 46. Q $ Monopolistic Competition D MR Short Run
- 47. Q $ Monopolistic Competition D MR Short Run Steep Demand
- 48. Q $ Monopolistic Competition D MR Short Run Steep Demand Long Run
- 49. Q $ Monopolistic Competition MR D Short Run Steep Demand Long Run
- 50. Q $ Monopolistic Competition MR D Short Run Steep Demand Long Run Demand Flattens
- 51. Q $ Monopolistic Competition MR D Short Run Steep Demand Long Run Demand Flattens
- 52. Q $ Monopolistic Competition MR D Short Run Steep Demand Long Run Demand Flattens
- 53. Q $ Monopolistic Competition MR D Short Run Steep Demand Long Run Demand Flattens
- 54. Q $ Monopolistic Competition MR D Short Run Steep Demand Long Run Demand Flattens
- 55. Monopolistic Competition Q $ Short Run D MR
- 56. Monopolistic Competition Q $ Short Run D MR MC
- 57. Monopolistic Competition Q $ Short Run D MR MC
- 58. Monopolistic Competition Q $ Short Run D MR MC QS
- 59. Monopolistic Competition Q $ Short Run D MR MC QS
- 60. Q $ Short Run D MR MC QS PS Monopolistic Competition
- 61. Q $ Short Run D MR MC ATC QS PS Monopolistic Competition
- 62. Q $ Short Run D MR MC ATC QS PS Monopolistic Competition
- 63. Q $ Short Run D MR MC ATC QS PS Monopolistic Competition
- 64. Q $ Short Run D MR MC ATC QS PS Monopolistic Competition
- 65. Q $ Short Run D MR MC Profit ATC QS PS Monopolistic Competition
- 66. Q $ Short Run D MR MC Profit ATC High Price Large Quantity QS PS Monopolistic Competition
- 67. Q $ Short Run Long Run D MR MC Profit ATC High Price Large Quantity QS PS Monopolistic Competition
- 68. Q $ Short Run Long Run D MR MC ATC High Price Large Quantity QS PS Demand Flattens Monopolistic Competition
- 69. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity QS PS Demand Flattens Monopolistic Competition
- 70. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity QS PS Demand Flattens Monopolistic Competition
- 71. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity QS PS Demand Flattens Monopolistic Competition
- 72. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity QS PS Demand Flattens Monopolistic Competition
- 73. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity QS PS Demand Flattens Monopolistic Competition
- 74. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity Lower Price Lower Quantity QS PS Demand Flattens Monopolistic Competition
- 75. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity Lower Price Lower Quantity Q QS PS P L L Demand Flattens Monopolistic Competition
- 76. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity Lower Price Lower Quantity Q QS PS P L L Demand Flattens Monopolistic Competition
- 77. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity Lower Price Lower Quantity Q QS PS P L L Demand Flattens Monopolistic Competition
- 78. Q $ Short Run Long Run MC MR D ATC High Price Large Quantity Lower Price Lower Quantity Q QS PS P L L Demand Flattens Monopolistic Competition
- 79. Monopolistic Competition Q $ Short Run Long Run MC MR D ATC High Price Large Quantity Lower Price Lower Quantity Q QS PS P L L Demand Flattens Profit
- 80. Monopolistic Competition Q $ Short Run High Price Large Quantity Long Run MC MR D ATC Lower Price Lower Quantity Profits disappear in the long run due to competition Q QS PS P L L Demand Flattens Profit
- 81. Monopolistic Competition Q $ Short Run High Price Large Quantity Long Run MC MR D ATC Lower Price Lower Quantity Profits disappear in the long run due to competition Q QS PS P L L Demand Flattens Profit
- 82. Monopolistic Competition Q $ Short Run High Price Large Quantity Long Run MC MR D ATC Lower Price Lower Quantity Profits disappear in the long run due to competition Q QS PS P L L Demand Flattens Profit
- 83. Monopolistic Competition Q $ Short Run High Price Large Quantity Long Run MC MR D ATC Lower Price Lower Quantity Profits disappear in the long run due to competition Q QS PS P L L Demand Flattens Profit
- 84. Monopolistic Competition Q $ Short Run High Price Large Quantity Long Run MC MR D ATC Lower Price Lower Quantity Profits disappear in the long run due to competition Q QS PS P L L Demand Flattens Profit
- 85. Monopolistic Competition Q $ Short Run High Price Large Quantity Long Run MC MR D ATC Lower Price Lower Quantity Profits disappear in the long run due to competition Q QS PS P L L Demand Flattens Profit
- 86. D MR MC Profits
- 87. D MR MC Competition flattens the Demand Curve and squeezes profits.
- 88. D MR MC Competition flattens the Demand Curve and squeezes profits.
- 89. Q $ Market Competition
- 90. Q $ Market Competition Short Run Demand Short Run Marginal Revenue
- 91. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs
- 92. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs
- 93. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs
- 94. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs
- 95. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs QSR PSR
- 96. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 97. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 98. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 99. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 100. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 101. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Long Run Demand Long Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 102. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Long Run Demand Long Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 103. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Long Run Demand Long Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 104. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Long Run Demand Long Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR
- 105. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Long Run Demand Long Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR QLR PLR
- 106. Q $ Market Competition Short Run Demand Short Run Marginal Revenue Long Run Demand Long Run Marginal Revenue Marginal Costs Average Total Costs QSR PSR QLR PLR
- 107. Quiz Name and ID# 1. Name the four market structures. 2. What does the demand curve look like in perfect competition? 3. Why is marginal revenue different than demand in a monopoly? 4. Where are profits maximized or losses minimized?