Page 253 - DECO401_MICROECONOMIC_THEORY_ENGLISH

Microeconomic Theory Dilfraz Singh, Lovely Professional University

Notes
Unit-13: Theory of Monopoly Firm

CONTENTS
Objectives

Introduction

13.1 What is Monopoly?
13.2 Features of Monopoly

13.3 Monopoly Equilibrium or Determination of Price and Output Under Monopoly
13.4 Total Revenue and Total Cost Curve Approach

13.5 Marginal Revenue and Marginal Cost Approach

13.6 Price Discrimination or Discriminating Monopoly
13.7 Types of Price Discrimination

13.8 Degrees of Price Discrimination
13.9 Essential Conditions for Price Discrimination

13.10 When Price Discrimination is Profitable
13.11 Price and Output Determination Under Discriminating Monopoly

13.12 Dumping

13.13 Price and Output Determination Under Dumping
13.14 Monopoly Price with Zero Cost of Production

13.15 Is Monopoly Price Always Higher than the Perfectly Competitive Price?
13.16 Multi-plant Monopoly

13.17 Allocative Inefficiency of Monopoly/Dead Weight Loss

13.18 Supply Curve of a Firm Under Monopoly
13.19 Summary

13.20 Keywords
13.21 Review Questions

13.22 Further Readings

246 LOVELY PROFESSIONAL UNIVERSITY