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[Joseph_E._Stiglitz,_Carl_E._Walsh]_Economics(Bookos.org) (1)

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How Prices Convey Information 248

Markets for Information 249

e-INSIGHT: Information, Competition, and the Internet

249

Government Policies 250

FUNDAMENTALS OF IMPERFECT MARKETS 3:

Imperfect Information 251

Externalities 252

Government Policies Toward Externalities 252

THINKING LIKE AN ECONOMIST: Incentives and

the Environment 253

FUNDAMENTALS OF IMPERFECT MARKETS 4:

Externalities 254

Public Goods 254

FUNDAMENTALS OF IMPERFECT MARKETS 5:

Public Goods 255

Looking Ahead 256

REVIEW AND PRACTICE 257

CHAPTER 12 MONOPOLY, MONOPOLISTIC

COMPETITION, AND OLIGOPOLY

261

Monopoly Output 261

An Example: The ABC-ment Company 264

Monopoly Profits 265

Price Discrimination 266

Economies of Scale and Natural Monopolies 267

INTERNATIONAL PERSPECTIVE: South Africa,

AIDS, and Price Discrimination 268

Assessing the Degree of Competition 270

Number of Firms in the Industry 270

Product Differentiation 271

e-INSIGHT: Network Externalities, the New Economy,

and Monopoly Power 272

Equilibrium with Monopolistic Competition 273

Oligopolies 274

Collusion 275

Restrictive Practices 279

Entry Deterrence 281

INTERNET CONNECTION: Keeping Track of

Oligopolies 281

xvi ∂ CONTENTS

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