Government Regulation in Monopoly

Concepts

• Market Failure of Monopoly
  • Allocative Efficiency
  • Two Major Flaws of Monopoly
    • Overcharge
    • Underproduce
  • Deadweight Loss Created by Monopoly
  • Government Policy with Monopoly
    • Antitrust Policy
    • Regulation
• Natural Monopoly
• Price Controls
  • Price Ceiling
  • Price Floor
  • Kinked Demand
  • Double-Kinked Marginal Revenue
• Quantity Controls
• Taxes
  • Per-Unit Tax
  • Lump-Sum Tax
• Subsidies
  • Per-Unit Subsidy
  • Lump-Sum Subsidy

Overview

Coming Soon

Materials

• Lecture Notes – 1
• Lecture Notes – 2
• Practice Problems

Lecture

Regulating Natural Monopoly Video

Quiz

Reminders Before Taking Quiz:

• When you are asked “What Period?” please only put the one digit number of your class period. For example, if you have this class 1st period, just put 1 in the box for your response.
• The password to login is CASE SENSITIVE, so please be conscious of this as you type in your password.
• If it appears to be timing out when you login, try the following troubleshooting steps:
  1. Restart your phone (hard shut down and turn it back on)
  2. Turn off WiFi (access quiz through your data carrier)
  3. Click the “Classroom Link” provided in the initial email. Login, and then select this quiz from the list.

CLICK HERE TO TAKE QUIZ