MONOPOLY ECONOMICS TEXTBOOKS BOUNDLESS ECONOMICS CHAPTER DETAILS BOOK VERSION VIEW FULL TABLE OF CONTENTS CHAPTER READING QUIZ POWERPOINT TEMPLATE SECTION INTRODUCTION TO DEFINING ECONOMIC MARKET STRUCTURE PERSON ENTERPRISE THE ONLY PARTICULAR SECTION 2 BARRIERS TO ENTRY REASONS MONOPOLIES EXIST CONTROL NATURAL RESOURCE CRITICAL PRODUCTION FINAL GOOD MONOPOLY POWER ECONOMIES OF SCALE NETWORK EXTERNALITIES DISCOURAGE POTENTIAL COMPETITORS ENTERING GOVERNMENT ACTION TYPES OF GOVERNMENT GOVERNMENT MONOPOLY LEGAL BARRIERS THE GOVERNMENT CREATES EXCLUSIVE RIGHTS NATURAL MONOPOLIES FIRM SERVE ENTIRE MARKET COST COMBINATION FIRMS GAIN MONOPOLISTIC POWER SECTION 3 PRICING DECISIONS PROFIT OUTCOME DIFFERENCES PERFECT COMPETITION PERFECTLY COMPETITIVE HIGH PRODUCER ACTS PRICE MAKER MARGINAL REVENUE MARGINAL COST RELATIONSHIP CURVES UPWARD MARGINAL REVENUES PROFIT MAXIMIZATION FUNCTION EQUAL TO ORDER MAXIMIZE DECISION PRODUCE QUANTITY SUPPLY MONOPOLY PRICE INFLUENCE PRICE CHANGING OUTPUT ECONOMIC PROFIT EFFICIENCY LOSS LESS SURPLUS EFFICIENT COMPETITIVE MARKET THEREFORE RESULTS DEADWEIGHT LOSS UNDERSTANDING FINDING ECONOMIC EFFICIENCY EQUILIBRIUM GOOD SERVICE PARETO OPTIMAL SECTION 5 PRICE DISCRIMINATION ELASTICITY CONDITIONS IDENTICAL GOODS AND SERVICES SOLD PRICES ANALYSIS PRESENT COMMERCE SELLERS THE PRICE PRODUCT REVENUE PURPOSE CAPTURE CONSUMER SURPLUS POSSIBLE IN PUBLIC POLICY SOCIAL CONSUMER CHOICE REDUCE INCENTIVES ENFORCE ANTITRUST LAWS ENSURE COMPETITIVE ENVIRONMENTS REGULATION NATURAL MONOPOLY INDUSTRIES LARGEST ADVANTAGES MUST REGULATED YOU ARE PREVIOUS COMPETITIVE MARKETS CURRENT CHAPTER 11 CHAPTER 12 MONOPOLISTIC COMPETITION ACCOUNTING ALGEBRA ART HISTORY BIOLOGY BUSINESS CALCULUS CHEMISTRY COMMUNICATIONS FINANCE MANAGEMENT MARKETING MICROBIOLOGY PHYSICS PHYSIOLOGY POLITICAL SCIENCE PSYCHOLOGY SOCIOLOGY STATISTICS WORLD HISTORY WRITING STUDENTS EDUCATORS CAREERS ABOUT US APPROACH PARTNERS PRESS COMMUNITY FOLLOW US FACEBOOK TWITTER BLOG VISIT SUPPORT EMAIL LEGAL TERMS PRIVACY EXCEPT CONTENT USER CONTRIBUTIONS SITE LICENSED ATTRIBUTION