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101 lecture 16 monopolistic competition
The document discusses monopolistic competition and the four market structures. It provides details on the characteristics of each market structure, including the number of firms, type of product, ease of entry, examples of each structure, and diagrams of demand, marginal revenue, marginal cost, and profit in the different structures. It also covers the short run and long run in monopolistic competition, how demand flattens in the long run, and the impact on price, quantity, and profits.
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101 lecture 16 monopolistic competition
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- 4. The Four MarketStructures
- 5. The Four MarketStructures
- 6. The Four MarketStructures
- 7. The Four MarketStructures Perfect Competition
- 8. The Four MarketStructures Perfect Competition Monopoly
- 9. The Four MarketStructures Perfect Competition Monopoly Monopolistic Competition Brand
- 10. The Four MarketStructures Perfect Competition Monopoly Monopolistic Competition Brand Oligopoly
- 11. The Four MarketStructures Perfect Competition Number of Firms Monopoly Monopolistic Competition Brand Oligopoly
- 12. The Four MarketStructures Perfect Competition Number of Firms Many Monopoly Monopolistic Competition Brand Oligopoly
- 13. The Four MarketStructures Perfect Competition Number of Firms Monopoly Many One Monopolistic Competition Brand Oligopoly
- 14. The Four MarketStructures Perfect Competition Number of Firms Monopoly Monopolistic Competition Brand Many One Many Oligopoly
- 15. The Four MarketStructures Perfect Competition Number of Firms Many Monopoly Monopolistic Competition Brand Oligopoly One Many Few
- 16. The Four MarketStructures Perfect Competition Number of Firms Type of Product Many Monopoly Monopolistic Competition Brand Oligopoly One Many Few
- 17. The Four MarketStructures Perfect Competition Number of Firms Many Type of Product Identical Monopoly Monopolistic Competition Brand Oligopoly One Many Few
- 18. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Identical Unique Perfect Competition Number of Firms Type of Product
- 19. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Identical Unique Differentiated Perfect Competition Number of Firms Type of Product
- 20. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Identical Unique Differentiated Either Perfect Competition Number of Firms Type of Product
- 21. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Identical Unique Differentiated Either Perfect Competition Number of Firms Type of Product Ease of Entry
- 22. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Perfect Competition Number of Firms
- 23. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Perfect Competition Number of Firms
- 24. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Perfect Competition Number of Firms
- 25. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Perfect Competition Number of Firms
- 26. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Perfect Competition Number of Firms Examples
- 27. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Examples Commodities Rice Perfect Competition Number of Firms
- 28. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Examples Commodities Rice Government Utilities Perfect Competition Number of Firms
- 29. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Government Utilities Brands Clothing Restaurants Perfect Competition Number of Firms Examples Commodities Rice
- 30. The Four MarketStructures Monopoly Monopolistic Competition Brand Oligopoly Many One Many Few Type of Product Identical Unique Differentiated Either Ease of Entry Easy Blocked Easy Hard Government Utilities Brands Clothing Restaurants Manufacturing Cars Computers Perfect Competition Number of Firms Examples Commodities Rice
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- 41. Monopolistic Competition Short Run $ SteepDemand MR D Q
- 42. Monopolistic Competition Short Run $ SteepDemand Long Run MR D Q
- 43. Monopolistic Competition Short Run $ SteepDemand Long Run MR D Q
- 44. Monopolistic Competition Short Run $ SteepDemand Long Run Demand Flattens MR D Q
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- 56. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS Profit ATC MR QS D Q
- 57. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS Profit Long Run ATC MR QS D Q
- 58. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC MR QS D Q Long Run Demand Flattens
- 59. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC MR QS D Q Long Run Demand Flattens
- 60. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC MR QS D Q Long Run Demand Flattens
- 61. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC MR QS D Q Long Run Demand Flattens
- 62. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC MR QS D Q Long Run Demand Flattens
- 63. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC MR QS D Q Long Run Demand Flattens
- 64. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC MR QS D Q Long Run Demand Flattens Lower Price Lower Quantity
- 65. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC PL MR QL QS D Q Long Run Demand Flattens Lower Price Lower Quantity
- 66. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC PL MR QL QS D Q Long Run Demand Flattens Lower Price Lower Quantity
- 67. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC PL MR QL QS D Q Long Run Demand Flattens Lower Price Lower Quantity
- 68. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS ATC PL MR QL QS D Q Long Run Demand Flattens Lower Price Lower Quantity
- 69. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS PL ATC Profit MR QL QS D Q Long Run Demand Flattens Lower Price Lower Quantity
- 70. Monopolistic Competition Short Run HighPrice Large Quantity $ MC PS PL ATC Profit MR QL QS Long Run Demand Flattens Lower Price Lower Quantity Profits disappear in the long run due to competition D Q
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- 72. Competition flattens theDemand Curve and squeezes profits. MC D MR
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- 74. Market Competition $ Short Run Demand Short Run Marginal Revenue Q
- 75. Market Competition $ Short Run Demand Marginal Costs Short Run Marginal Revenue Q
- 76. Market Competition $ Short Run Demand Marginal Costs Short Run Marginal Revenue Q
- 77. Market Competition $ Short Run Demand Marginal Costs Short Run Marginal Revenue Q
- 78. Market Competition $ Short Run Demand Marginal Costs Short Run Marginal Revenue Q
- 79. Market Competition $ PSR Short Run Demand Marginal Costs Short Run Marginal Revenue QSR Q
- 80. Market Competition $ PSR Short Run Demand Marginal Costs Short Run Marginal Revenue QSR Q Average Total Costs
- 81. Market Competition $ PSR Short Run Demand Marginal Costs Short Run Marginal Revenue QSR Q Average Total Costs
- 82. Market Competition $ PSR Short Run Demand Marginal Costs Short Run Marginal Revenue QSR Q Average Total Costs
- 83. Market Competition $ PSR Short Run Demand Marginal Costs Short Run Marginal Revenue QSR Q Average Total Costs
- 84. Market Competition $ PSR Short Run Demand Marginal Costs Short Run Marginal Revenue QSR Q Average Total Costs
- 85. Market Competition $ PSR Long Run Demand Short Run Demand Marginal Costs Long Run Marginal Revenue Short Run Marginal Revenue QSR Q Average Total Costs
- 86. Market Competition $ PSR Long Run Demand Short Run Demand Marginal Costs Long Run Marginal Revenue Short Run Marginal Revenue QSR Q Average Total Costs
- 87. Market Competition $ PSR Long Run Demand Short Run Demand Marginal Costs Long Run Marginal Revenue Short Run Marginal Revenue QSR Q Average Total Costs
- 88. Market Competition $ PSR Long Run Demand Short Run Demand Marginal Costs Long Run Marginal Revenue Short Run Marginal Revenue QSR Q Average Total Costs
- 89. Market Competition $ PSR Short Run Demand Long Run Demand Marginal Costs PLR Long Run Marginal Revenue Short Run Marginal Revenue QLR QSR Q Average Total Costs
- 90. 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?