微观经济学英文课件：14 Monopoly and Antitrust Policy.ppt

Monopoly and Antitrust Policy Time Warner Rules Manhattan After studying this chapter, you should be able to: Define monopoly. Explain the four main reasons monopolies arise. Explain how a monopoly chooses price and output. Use a graph to illustrate how monopoly affects economic surplus. Discuss government policies toward monopoly. Is Any Firm Ever Really a Monopoly? Is Xbox a Close Substitute forPlayStation 2? Where Do Monopolies Come From? Where Do Monopolies Come From? The End of the Christmas Plant Monopoly Where Do Monopolies Come From? Are Diamond (Profits) Forever?The De Beers Diamond Monopoly Where Do Monopolies Come From? Where Do Monopolies Come From? Is the “Proxy Business” a Natural Monopoly? How Does a Monopoly Choose Price and Output? How Does a Monopoly Choose Price and Output? How Does a Monopoly Choose Price and Output? Finding Profit Maximizing Price and Output for a Monopolist Does Monopoly Reduce Economic Efficiency? Does Monopoly Reduce Economic Efficiency? Does Monopoly Reduce Economic Efficiency? Government Policy toward Monopoly Government Policy toward Monopoly Government Policy toward Monopoly Government Policy toward Monopoly Government Policy toward Monopoly Government Policy toward Monopoly Government Policy toward Monopoly The Antitrust Case Against Microsoft Government Policy toward Monopoly Why I’m Filing Chapter 11 Antitrust laws Collusion Copyright Horizontal mergers Market power Monopoly ? 2006 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien—1st ed. CHAPTER 14: Monopoly and Antitrust Policy c h a p t e r fourteen Prepared by: Fernando & Yvonn Quijano In this chapter, we will develop an economic model of monopolies that can help us to analyze their effects on the economy. LEARNING OBJECTIVES 1 2 3 4 5 LEARNING OBJECTIVE 1 Monopoly The only seller of a good or service that does not have a close substitute. 14 - 1 To many gamers, PlayStation 2 is a close substitute for