Chapter 23: Monopoly (and Monopsony) Static Graphics

Static Graphics

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Linear Demand and Marginal Revenue

Profit Maximization for a Monopolist

Perfect Price Discrimination

Imperfect ("Third Degree") Price Discrimination

Non-Linear Pricing or "Second Degree" Price Discrimination

A Natural Monopoly

Consumer n's Inverse Demand Curve

Second Degree Price Discrimination with Two-Part Tariffs

Two-Part Tariff illustrated with Demand Curves

Optimal Second Degree Price Discrimination using Two-Part Tariffs