Monopoly and Monopolistic Competition

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Here are our results so far! Q 1 Q 2 P П 1 П 2 Price war 43 5 5 0 12.5 Collusion 19 5 29 456 132.5 Cournot Stackelberg Oligopoly Page 10
Oligopoly Other outcomes are possible… • Remarks about Collusion • Ob Obviously i l collusion ll i iis potentially i ll quite i profitable. fi bl • Does this (ever) happen? Yes, but rare: • GE <strong>and</strong> Westinghouse (turbine market) • ADM, Ajinomoto, <strong>and</strong> Kyowa Hakko (lysine market) k ) • Why is collusion somewhat rare? 11. Ill Illegal l (or ( potentially i ll illegal) ill l) in i many domiciles d i il 2. Collusion is not sustainable unless some punishment mechanism ec a s exists e sts (because (beca se it t is s potentially pote t a y quite q te profitable to “cheat” on your rival). Page 11
Page 1 and 2: Monopoly and Monopolistic Competiti
Page 7 and 8: Numerical Example • Invert demand
Page 9 and 10: Chapter Summary • Under monopoly,
Page 11 and 12: Chapter Summary • Monopolisticall
Page 13 and 14: Chapter 11 Quiz 3. Harriet Quarterl
Page 15 and 16: Chapter 11 Quiz 7. If revenues from
Page 17 and 18: Chapter 11 Problems (1, 3, 5, 9, 11
Page 33 and 34: Oligopoly Chapter 13 Oligopoly Page
Page 35 and 36: Oligopoly Oligopoly • Problem in
Page 37 and 38: Oligopoly Four Possibilities • Co
Page 39 and 40: Oligopoly Case 1: Compete for Marke
Page 41: Oligopoly MARKET DEMAND P=53-Q OR Q
Page 45 and 46: MARKET DEMAND P=53-Q OR Q = 53 - P
Page 47 and 48: Oligopoly Case 4: Stackelberg Equil
Page 49 and 50: Here are our “final” results! Q
Page 51 and 52: Oligopoly Boeing - Airbus Article F
Page 53 and 54: Oligopoly Quiz problem 9 (Stackelbe

Monopoly and Monopolistic Competition

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