Monopoly
INTERACTIVE FIGURES
CHAPTER
14
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Figure 14.1
Natural Monopoly
Figure 14.2
Demand and Marginal Revenue
Figure 14.3(a)
Marginal Revenue and Elasticity: Demand
and Marginal Revenue
Figure 14.3(b)
Marginal Revenue and Elasticity: Total
Revenue
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Table 14.1
A Monopoly’s Output and Price Decision
Figure 14.4(a)
A Monopoly’s Profit-Maximizing Output and
Price: Total Revenue and Total Cost
Figure 14.4(b)
A Monopoly’s Profit-Maximizing Output and
Price: Demand, Marginal Revenue, and
Marginal Cost
Figure 14.5
Monopoly’s Smaller Output and Higher Price
Figure 14.6(a)
The Inefficiency of Monopoly: Perfect
Competition
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Figure 14.6(b)
The Inefficiency of Monopoly: Monopoly
Figure 14.7
Rent-Seeking Equilibrium
Figure 14.8
A Single Price of Air Travel
Figure 14.9
Price Discrimination
Figure 14.10
Perfect Price Discrimination