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    Pe Chap 15

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    camlansuc09993
    This document discusses monopoly, which is when a single firm controls the market for a good or service. It covers government-created monopolies through patents and copyrights, natural monopolies where one firm can produce at a lower cost, and characteristics of monopolies like being a price maker and having a downward sloping demand curve.

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    Pe Chap 15

    Uploaded by

    camlansuc09993
    4 views2 pages
    This document discusses monopoly, which is when a single firm controls the market for a good or service. It covers government-created monopolies through patents and copyrights, natural monopolies where one firm can produce at a lower cost, and characteristics of monopolies like being a price maker and having a downward sloping demand curve.

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    PE CHAP 15

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    This document discusses monopoly, which is when a single firm controls the market for a good or service. It covers government-created monopolies through patents and copyrights, natural monopolies where one firm can produce at a lower cost, and characteristics of monopolies like being a price maker and having a downward sloping demand curve.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4 views2 pages

    Pe Chap 15

    Uploaded by

    camlansuc09993
    This document discusses monopoly, which is when a single firm controls the market for a good or service. It covers government-created monopolies through patents and copyrights, natural monopolies where one firm can produce at a lower cost, and characteristics of monopolies like being a price maker and having a downward sloping demand curve.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    CHAP 15.

    MONOPOLY
    The curve is whole the market, curve downward
    Government regulation
    - Government gives a single firm the exclusive right to produce some good or service
    - Government-created monopolies
     Patent and copyright laws
     Higher prices*
     Higher profits
    Natural monopoly (Độc quyền tự nhiên)
    - A single firm can supply a good or service to an entire market
     At a smaller cost than could two or more firms
    - Economies of scale over the relevant range of output
    - Club goods
     Excludable but not rival in consumption
    Variable Cost < Fixed Cost
    Monopoly Competitive firm
    Price maker Price taker
    Sole producer One producer of many
    Downward sloping demand: the market Demand is a horizontal line (Price)
    demand curve
    Total Revenue = Price x Quantity
    Marginal Revenue = Delta Total Revenue / Delta Quantity
    Average Revenue = Total Revenue / Quantity = Price

    Price (mono) phải nằm trên Price curve.


    In Monopoly, Price > Marginal Revenue. -> Mark-up
    Profit tối đa tại giao điểm của MR và MC -> Quantity, kẻ đường vuông góc lên rồi chiếu lên
    trên Price thì Profit tối đa.
    P > MR = MC
    Monopoly: Price (Mono) > Price (Competitive) , Quantity (Mono) < Price (Competitive), Higher
    profit.
    ĐƯỜNG CONSUMER SURPLUS NẰM DƯỚI ĐƯỜNG CUNG ( PRODUCE) VÀ TRÊN PRICE
    _ Monopoly reduce efficiency , Create Dead Weight Loss.
    Monopoly bring more Producer Surplus, Reduce Consumer Surplus, Reduce Total Surplus.
    *Price discrimination: ( cùng 1 loại hàng hóa nhưng giá khác nhau)
    _ can be viewed by Monopoly, Oligopoly, Monopolisitc Competition
    *Perfect Price discrimination:

    _ Tùy vào các nhóm khách hàng sẽ charge giá khác nhau.
    Càng elastic giảm giá.
    Profit = (P – ATC)/Q

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