INTERACTIVE FIGURES

Monopoly CHAPTER14

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Figure 14.1Figure 14.1

Figure 14.2Figure 14.2

Figure 14.3(a) Figure 14.3(a)

Figure 14.3(b) Figure 14.3(b)

Natural Monopoly

Demand and Marginal Revenue

Marginal Revenue and Elasticity: Demand and Marginal Revenue

Marginal Revenue and Elasticity: TotalRevenue

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Figure 14.5Figure 14.5

Figure 14.6(a) Figure 14.6(a)

Monopoly’s Smaller Output and Higher Price

The Inefficiency of Monopoly: PerfectCompetition

Figure 14.4(a) Figure 14.4(a)

Figure 14.4(b) Figure 14.4(b)

A Monopoly’s Profit-Maximizing Output andPrice: Total Revenue and Total Cost

A Monopoly’s Profit-Maximizing Output andPrice: Demand, Marginal Revenue, and Marginal Cost

Table 14.1Table 14.1 A Monopoly’s Output and Price Decision

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Figure 14.9Figure 14.9

Figure 14.10Figure 14.10

Price Discrimination

Perfect Price Discrimination

Figure 14.7Figure 14.7

Figure 14.8Figure 14.8

Rent-Seeking Equilibrium

A Single Price of Air Travel

Figure 14.6(b) Figure 14.6(b) The Inefficiency of Monopoly: Monopoly