A single seller – monopoly – chooses at what price to sell.
1
- Главная
- Разное
- Дизайн
- Бизнес и предпринимательство
- Аналитика
- Образование
- Развлечения
- Красота и здоровье
- Финансы
- Государство
- Путешествия
- Спорт
- Недвижимость
- Армия
- Графика
- Культурология
- Еда и кулинария
- Лингвистика
- Английский язык
- Астрономия
- Алгебра
- Биология
- География
- Детские презентации
- Информатика
- История
- Литература
- Маркетинг
- Математика
- Медицина
- Менеджмент
- Музыка
- МХК
- Немецкий язык
- ОБЖ
- Обществознание
- Окружающий мир
- Педагогика
- Русский язык
- Технология
- Физика
- Философия
- Химия
- Шаблоны, картинки для презентаций
- Экология
- Экономика
- Юриспруденция
Monopoly. Competitive firm monopoly презентация
Содержание
- 1. Monopoly. Competitive firm monopoly
- 2. 2 Competitive Firm Monopoly
- 3. The Tradeoff The monopoly can either choose
- 4. Revenue Profit = Revenue – Total
- 5. Marginal Revenue Marginal Revenue = MR= the
- 6. 109 8 7 6 5 4
- 7. Profit Maximization ? = TR(X)- TC(X)
- 8. Monopoly Pricing MC P(X) MR(X) XM PM 8
- 9. 9 10 20 In a competitive market: Example: Monopoly Pricing
- 10. Elasticity E=1: Changing price doesn’t change Revenue
- 11. Elasticity and Monopoly Pricing
- 12. Example
- 13. PS
2 Competitive Firm Monopoly
Слайд 1Monopoly
A competitive firm chooses how much to produce at the “market
price”.
A single seller – monopoly – chooses at what price to sell.
A single seller – monopoly – chooses at what price to sell.
Слайд 3The Tradeoff
The monopoly can either choose price or quantity, but not
both.
The monopolist faces a tradeoff between a higher price and lower sales (smaller quantity) and a lower price and higher sales (greater quantity):
P ↓ → X ↑
The monopolist faces a tradeoff between a higher price and lower sales (smaller quantity) and a lower price and higher sales (greater quantity):
P ↓ → X ↑
3
Слайд 4 Revenue
Profit = Revenue – Total Costs
Revenue = TR =
Unit price • Quantity = P • X
Increasing X is profitable if it increases Revenue more than it increases Costs.
Increasing X is profitable if it increases Revenue more than it increases Costs.
4
Слайд 5Marginal Revenue
Marginal Revenue = MR= the change in total revenue from
increasing output by a unit.
Marginal Cost = MC = the change in total costs from increasing output by a unit.
Increasing output (decreasing price) is profitable if MR is greater than MC.
Increasing output (decreasing price) is never profitable if MR < 0.
Marginal Cost = MC = the change in total costs from increasing output by a unit.
Increasing output (decreasing price) is profitable if MR is greater than MC.
Increasing output (decreasing price) is never profitable if MR < 0.
5
Слайд 6109 8 7 6 5 4 3 2 1 0
0
2 4 6 8 10 12 14 16 1820
3 1 –1 –3 –5 –7 –9
P
X
0 18 32 42 48 50 48 42 32 18 0
6
Example: X = 20 - 2P → P = 10 - 0.5X
Слайд 7Profit Maximization
? = TR(X)- TC(X)
?’ = MR(X) – MC(X)=0
Monopoly chooses X
so that : MR(X) = MC(X)
7
Слайд 10Elasticity
E=1: Changing price doesn’t change Revenue – PX unchanged.
E>1: Decreasing price
increases Revenue – PX increases
(Demand is price sensitive)
E<1: Decreasing price reduces Revenue – PX decreases.
(Demand is price insensitive)
.
(Demand is price sensitive)
E<1: Decreasing price reduces Revenue – PX decreases.
(Demand is price insensitive)
.
10
Слайд 13
PS
CS
CS = Consumer Surplus
PS = Producer Surplus
19.11
M Comp
CS: PM CA PT CT
PS: BPM AM BPT T
TS: BMCA BMTC
CS: PM CA PT CT
PS: BPM AM BPT T
TS: BMCA BMTC
Welfare Loss from Monopoly
