Market Power
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A: Introduction
VID 6: Types of Market Structure
Perfect Competition
VID 1: Perfect Competition (Welker)
VID 2: Foodie on Perfect
VID 3: Foodie on Monopoly
VID 4 Monopoly + Welfare Loss
VID 18: Clifford on Economies of Scale
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B: Costs
VID 7: Diminishing Returns: Welker on DMR
Monopolistic Competition
VID 5: Foodie on Monopolistic
VID 6: Tutor 2 U: Monopolistic
VID 7: Marginal Revoluion on Monopoly
VID 12: Monopoly and Economies of Scale
VID 14: Economies of Scale + Welker (76)
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C: Revenues
Profit - 4 models
Oligopoly Competition
VID 8: Foodie on Oligopoly (76)
VID 9: Crash Economics: Oligopoly + Game Theory (76)
VID 10: Price Discrimination (76)
VID 11: Tutor 2 U - Monopoly
VID 17 Economies of Scale (76)
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D: 4 Models
1. Perfect Competition:
2. Monopolistic ('mistic') Competition:
3. Oligopoly Competition:
4. Monopoly Competition:
VID 19: Oligopoly Game Theory (76)
VID 18: Oligopoly: Welker + Game Theory (76)
VID 16 Economies of Scale (76)
Compare Models:
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Hall of Fame
Anti Competitive Behavoiour
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Dictionary 2.11 Theory of the Firm Dictionary:
Dictionary 2.11 Theory of the Firm Dictionary:
21 Fixed costs 22 Average costs 23 Marginal costs 24 Average fixed costs 25 Average variable costs 26 Average total costs 27 ‘U’ shaped average cost curve 28 Profit maximising equilibrium 29 Supernormal profit 30 Accounting profit |
Dictionary 2.11 Theory of the Firm Dictionary:
11. Economies of scale 12 Diseconomies of scale 13 Increasing returns to scale 14 Decreasing returns to scale 15 Constant returns to scale 16 Average output 17 Marginal output 18 Fixed factors of production 19 Variable factors of production 20 Variable costs 
Dictionary 2.11 Theory of the Firm Dictionary:
31 Normal profit 32 Profit maximising equilibrium 33 Profit maximising level of output 34 barriers to entry 35 kinked demand curve 36 price discrimination 37 natural monopoly 38 price ‘taker’ 39 price ‘maker’ 40 collusion 41 cartel 42 shut down price /break even point |
