Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Short Quiz
1. Why would it be bad if you were
a firm in a perfect competition
market?
2. Why do consumers like perfect
com...
Economic Competition
• 4 basic market types:
– Perfect Competition
– Monopolistic Competition
– Oligopoly
– Monopoly

• Me...
You sell….
• Your boss gives
you $100,000 to
develop a plan
gain some pricing
power. What will
you suggest the
company spe...
You sell….
• New type of pencil and
patent
• New colors
• New erasers
• Advertise
• Support gov’t regulation to
keep compe...
Monopolistic Competition Market
• Features:
• Many firms
• Different or perceived different
products (brand names too)
• P...
Perfect

Monopolistic

Competition

Competition

Oligopoly

Monopoly
On your white boards: What type of
market?

• Blank DVD’s
What type of market?

• Mexican Food
What type of market?
What type of market?

• Hair cut
What type of market?

• Electric Power
What type of market?

• Notebook paper
What type of market?

• Oil in Mexico
What type of market?

• Hotels
Assignments
1. Activity 28 (packet)
2. Mankiw: pg 327
#5, 7, 8
3. Chapter 14: 2
questions re:
reading & #2-4 pg
297
4. Act...
Mankiw Pages 346

•#3, 5, 7, 8
Upcoming SlideShare
Loading in …5
×

of

Monopolistic comp Slide 1 Monopolistic comp Slide 2 Monopolistic comp Slide 3 Monopolistic comp Slide 4 Monopolistic comp Slide 5 Monopolistic comp Slide 6 Monopolistic comp Slide 7 Monopolistic comp Slide 8 Monopolistic comp Slide 9 Monopolistic comp Slide 10 Monopolistic comp Slide 11 Monopolistic comp Slide 12 Monopolistic comp Slide 13 Monopolistic comp Slide 14 Monopolistic comp Slide 15 Monopolistic comp Slide 16
Upcoming SlideShare
Comp advantage graphs and applications
Next
Download to read offline and view in fullscreen.

1 Like

Share

Download to read offline

Monopolistic comp

Download to read offline

Related Books

Free with a 30 day trial from Scribd

See all

Related Audiobooks

Free with a 30 day trial from Scribd

See all

Monopolistic comp

  1. 1. Short Quiz 1. Why would it be bad if you were a firm in a perfect competition market? 2. Why do consumers like perfect competition market? 3. Under what condition should a firm shut down rather than exit the market?
  2. 2. Economic Competition • 4 basic market types: – Perfect Competition – Monopolistic Competition – Oligopoly – Monopoly • Measures price/nonprice competition, and product differentiation
  3. 3. You sell…. • Your boss gives you $100,000 to develop a plan gain some pricing power. What will you suggest the company spend money on?
  4. 4. You sell…. • New type of pencil and patent • New colors • New erasers • Advertise • Support gov’t regulation to keep competition out • Sign exclusive deal with Office Max, TUSD, College Board, etc
  5. 5. Monopolistic Competition Market • Features: • Many firms • Different or perceived different products (brand names too) • Product “differentiation” Other Examples? • Some pricing power “price makers” • Can be easy to start new firm • Can be easy to close down firm • Not fully informed consumers
  6. 6. Perfect Monopolistic Competition Competition Oligopoly Monopoly
  7. 7. On your white boards: What type of market? • Blank DVD’s
  8. 8. What type of market? • Mexican Food
  9. 9. What type of market?
  10. 10. What type of market? • Hair cut
  11. 11. What type of market? • Electric Power
  12. 12. What type of market? • Notebook paper
  13. 13. What type of market? • Oil in Mexico
  14. 14. What type of market? • Hotels
  15. 15. Assignments 1. Activity 28 (packet) 2. Mankiw: pg 327 #5, 7, 8 3. Chapter 14: 2 questions re: reading & #2-4 pg 297 4. Activity #? 5. Article #4
  16. 16. Mankiw Pages 346 •#3, 5, 7, 8
  • shubhampandey54379236

    Sep. 22, 2014

Views

Total views

309

On Slideshare

0

From embeds

0

Number of embeds

1

Actions

Downloads

6

Shares

0

Comments

0

Likes

1

×