垄断曼昆经济学原理第七版
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? Monopoly resources
– A key resource required for production is owned by a single firm
– Higher price
“Rather than a monopoly,
we like to consider ourselves ‘the only game in town.'”
– Outcome: often not the best for society
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
2
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Why Monopolies Arise
Why Monopolies Arise
? Government regulation
– Government gives a single firm the exclusive right to produce some good or service
– Government-created monopolies
1ቤተ መጻሕፍቲ ባይዱ
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Why Monopolies Arise
Why Monopolies Arise
? Barriers to entry
– A monopoly remains the only seller in the market
? Because other firms cannot enter the market and compete with it
15
Monopoly
PowerPoint Slides prepared by: Andreea CHIRITESCU
Eastern Illinois University
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
5
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
4
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Why Monopolies Arise
? Market power
– Alters the relationship between a firm's costs and the selling price
? Monopoly
– Charges a price that exceeds marginal cost
– A high price reduces the quantity purchased
– Monopoly resources – Government regulation – The production process
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
? Governments
– Can sometimes improve market outcome
? Monopoly
– Firm that is the sole seller of a product without close substitutes
– Price maker – Cause: barriers to entry
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
3
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
? Patent and copyright laws ? Higher prices ? Higher profits
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
– A key resource required for production is owned by a single firm
– Higher price
“Rather than a monopoly,
we like to consider ourselves ‘the only game in town.'”
– Outcome: often not the best for society
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
2
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Why Monopolies Arise
Why Monopolies Arise
? Government regulation
– Government gives a single firm the exclusive right to produce some good or service
– Government-created monopolies
1ቤተ መጻሕፍቲ ባይዱ
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Why Monopolies Arise
Why Monopolies Arise
? Barriers to entry
– A monopoly remains the only seller in the market
? Because other firms cannot enter the market and compete with it
15
Monopoly
PowerPoint Slides prepared by: Andreea CHIRITESCU
Eastern Illinois University
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
5
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
4
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Why Monopolies Arise
? Market power
– Alters the relationship between a firm's costs and the selling price
? Monopoly
– Charges a price that exceeds marginal cost
– A high price reduces the quantity purchased
– Monopoly resources – Government regulation – The production process
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
? Governments
– Can sometimes improve market outcome
? Monopoly
– Firm that is the sole seller of a product without close substitutes
– Price maker – Cause: barriers to entry
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
3
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
? Patent and copyright laws ? Higher prices ? Higher profits
? 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as