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1. Introduction
2. Overview
3. Perfect competition
4. The firm and industry in perfect competition
5. Assumptions of perfect competition
6. Market structures
7. Monopoly characteristics
8. Barriers to entry
9. Examples of a monopoly
10. The monopolist as a price marker (1)
11. The monopolist as a price marker (2)
12. Monopolists total revenue and marginal revenue
13. Monopolists revenues and elasticity
14. The profit maximising monopolist
15. Thank you

Topics Covered

• Market structures
• Perfect competition
• Monopolies
• Local monopoly
• Regulated monopoly
• Barriers to market entry
• Price makers & price takers
• Supernormal profits
• Monopolists’ revenues and elasticity

Links

Series:

• Introduction to Microeconomics

Categories:

• Finance, Accounting & Economics

Talk Citation

Publication History

• Published on September 26, 2019