Chapter
Eleven
Monopoly
Figure 11.1 Average and Marginal
Revenue
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11–2
Figure 11.2 Elasticity of Demand and
Total, Average, and Marginal Revenue
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11–3
1
Table 11.1 Quantity, Price, Marginal
Revenue, and Elasticity for the Linear
Inverse Demand Curve
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11–4
Figure 11.3
Maximizing Profit
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Figure 11.4 Effects of a Shift of the
Demand Curve
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11–6
2
Table 11.2 Elasticity of Demand,
Price, and Marginal Cost
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11–7
Page 357 Solved Problem 11.1
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11–8
Figure 11.5
Deadweight
Loss
of Monopoly
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11–9
3
Page 361 Solved Problem 11.2
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11–10
Figure 11.6 Ad Valorem Versus
Specific Tax
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11–11
Figure 11.7 Natural Monopoly
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11–12
4
Application (Page 366) Electric
Power Utilities
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11–13
Application (Page 369) Botox
Patent Monopoly
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11–14
Figure 11.8
Optimal
Price
Regulation
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11–15
5
Page 373 Solved Problem 11.4
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11–16
Figure 11.9 Regulating a
Telephone Utility
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11–17
6