MonopolyMonopoly. Overview Sources of Monopoly Power Monopoly pricing Thumb rule for pricing Multi-plant firm The Social Costs of Monopoly Power Price.
Why are we Speed Reviewing? 1.Having you review on your own wouldnt be effective 2.Lecturing about every concept would be too boring. Speed Reviewing.
Chapter 7 Market Structures Aww, Snap! Perfect Competition Perfect Competition – a market where a large number of firms are all producing essentially.
Lecture 3: Imperfectly Competitive Markets Required Text: Chapter 2 Market Models.
ECON 100 Tutorial: Week 8 [email protected] office hours: 3:45PM to 4:45PM tuesday LUMS C85.
1 Price Regulation Kevin Mwongera Robert Gathogo.
Lok Satta Citizen’s Charters – Tools for Accountability 10 th November 2004, Mexico LOK SATTA People Power 401 Nirmal Towers, Dwarakapuri Colony, Punjagutta,
6. COMPETITION, CONCENTRATION AND MARKET POWER IN TRANSPORT.
Next page INTRODUCTION FUNDAMENTAL PRINCIPLES OF PUBLIC FINANCE.
CHAPTER 12. MONOPOLY McGraw-Hill/IrwinCopyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Unit 7 Chapter 7 (Economics Textbook) Chapter 26/ Section 3 (Civics Textbook) Market Structures and Current Changes.
Understanding Monopoly 10. Natural Barriers to Entry Economies of scale –“Bigger is better” (more cost-efficient) –This is due to the ATC being downward-