TAILIEUCHUNG - Lecture Managerial economics: Chapter 12 - Dr. Hasnain Naqvi

Chapter 12 - Monopoly. The contents of this chapter include all of the following: After studying this chapter, you will able to Explain how monopoly arises and distinguish between single-price monopoly and price-discriminating monopoly, explain how a single-price monopoly determines its output and price, compare the performance and efficiency of single-price monopoly and competition,. | Monopoly Objectives After studying this chapter, you will able to Explain how monopoly arises and distinguish between single-price monopoly and price-discriminating monopoly Explain how a single-price monopoly determines its output and price Compare the performance and efficiency of single-price monopoly and competition Objectives After studying this chapter, you will able to Define rent seeking and explain why it arises Explain how price discrimination increases profit Explain how monopoly regulation influences output, price, economic profit, and efficiency The Profits of Generosity Most of us use Microsoft Windows to run our computers. Microsoft isn’t a price taker like the firms in perfect competition. How does a firm like Microsoft decide the quantity to produce and the price to charge? Students get lots of price breaks—at the movies, hairdresser, and on the airlines. Why? How can it be profit maximizing to offer lower prices to some customers? Students love .

• Kinh tế học
• Managerial economics
• Lecture Managerial economics
• Economic principles
• Kinh tế học quản lý
• Fundamentals of managerial economics
• Single price monopoly
• Market interactions
• Marginal analysis
• Marginal benefit
• Price discrimination
• Monopolistic competition
• Oligopoly games
• Traditional oligopoly models
• Capital market
• Labour market
• Economic equations
• Economic applications
• Economic applications of derivatives
• Economic application
• Multi variable functions
• Constrained optimization
• Scatter diagram
• Forms of money
• Monetary policy
• Perfect competition
• Demand function
• Supply function
• Quantitative demand analysis
• Theory of individual behavior
• Demand estimation
• Production function
• Costs of production
• Organizing production