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Chapter 15. Monopoly. Gregory Mankiw. Principles of Economics. 7th edition

Introduction Why Monopolies Arise Monopoly Resources Government

-Created Monopolies Natural Monopolies How Monopolies Make Production and Pricing Decisions

-Monopoly Vs Competition How Monopolies Make Production and Pricing Decisions

-Monopoly Vs Competition How Monopolies Make Production and Pricing Decisions

-A Monopoly’s Revenue How Monopolies Make Production and Pricing Decisions

- Profit Maximization How Monopolies Make Production and Pricing Decisions

– A Monopoly’s profit The Welfare Cost of Monopolies The Welfare Cost of Monopolies

-The Deadweight loss. The Welfare Cost of Monopolies-The Monopoly’s Profit: A Social Cost? Price Discrimination Price Discrimination

-A Parable about pricing. Price Discrimination

-The Moral of the Story Price Discrimination

-The analytics of Price Discrimination Price Discrimination

-Examples of Price Discrimination. Public Policy towards Monopolies Public Policy towards Monopolies. Increasing Competition with Antitrust Laws. Public Policy towards Monopolies. Regulation Public Policy towards Monopolies. Public Ownership. Public Policy towards Monopolies. Doing nothing

Conclusion: The Prevalence of Monopolies

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