Unit 3: Are Businesses Efficient? Product Markets and Efficiency

Lesson 10b: Monopoly: Long Run Equilibrium:
Efficiency, Price Discrimination, and Regulation

Assignments: Readings

pp. 263-273, (19th, 203-214), "Economic Effects of Monopoly", "Price Discrimination", "Regulated Monopoly" pp. 431-438, (19th, 376-384), "Antitrust Policy: Issues and Impacts", "Industrial Regulation" pp. 146-147, (19th, 86-87), "Last Word - Elasticity and Pricing Power: Why Different Consumers Pay Different Prices" Lecture Outline

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