Page 464 - Microeconomics, Fourth Edition

c11monopolyandmonopsony.qxd 7/14/10 7:58 PM Page 438

11

MONOPOLY AND

11.1 MONOPSONY
PROFIT MAXIMIZATION APPLICATION 11.1 Is the DeBeers Diamond
BY A MONOPOLIST Monopoly Forever?

11.2
THE IMPORTANCE OF PRICE APPLICATION 11.2 Chewing Gum, Baby Food,
ELASTICITY OF DEMAND and the IEPR
APPLICATION 11.3 Market Power in the Breakfast
Cereal Industry
11.3

COMPARATIVE STATICS APPLICATION 11.4 Parking Meter Pricing
FOR MONOPOLISTS in Chicago
APPLICATION 11.5 No Smoking Gun for
Cigarette Producers
11.4
MONOPOLY WITH MULTIPLE APPLICATION 11.6 Is a Cartel as Efficient
PLANTS AND MARKETS as a Monopoly?

11.5

THE WELFARE ECONOMICS APPLICATION 11.7 The Deadweight Loss in the
OF MONOPOLY Norwegian Cement Industry

11.6

WHY DO MONOPOLY APPLICATION 11.8 United States of America
MARKETS EXIST? versus Microsoft

11.7
MONOPSONY APPLICATION 11.9 Is Wal-Mart a Monopsony?

438