- Declining Industries
a. The Response of Firms
b. The Response of Governments
H. Summary - 9.1 Market Structure and Firm Behaviour LO 1
- 9.2 The Theory of Perfect Competition LO 2
- 9.3 Short-Run Decisions LO 3, 4
- 9.4 Long-Run Decisions LO 5
I. Key Concepts
J. Study Exercises - Fill-in-the-Blank
- Review
- Problems
- 10 Monopoly, Cartels, and Price Discrimination
A. Chapter Outline
B. Learning Objectives (LO)
C. 10.1 A Single-Price Monopolist - Revenue Concepts for a Monopolist
a. Average Revenue
b. Marginal Revenue - Short-Run Profit Maximization
a. No Supply Curve for a Monopolist
b. Firm and Industry
c. Competition and Monopoly Compared - Why Are Monopolies Rare?
- Entry Barriers
a. Natural Entry Barriers
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