WACHusett Regional H.S. ECONomics
"Inflating students' economic utility for the long-run!"
Microeconomics - Unit 6 Imperfect Market Structures
MICRO UNIT 6 KEY STUDY GUIDE TERMS & CONCEPTS
Imperfect Competition
Deadweight Loss
Pure Monopoly
Natural Monopoly
Monopolist Profit Maximization
Elastic and Inelastic Portion of Demand
Characteristics of Monopoly
Price maker
lump sum tax / subsidy effect
per unit tax / subsidy effect
Unregulated Monopoly
Regulated Monopoly
Fair return Price
Single Price Monopoly
Price Discriminating Monopoly
patents
socially optimal level of output
economies of scale
Monopolistic Competition
excess capacity
differentiated product
Oligopoly / Duopoly
cartel
collusion
prisoners dilemma
Game Theory
payoff matrix
Nash equilibrium
dominant strategy
POWERPOINTS & NOTES
ASSIGNED VIDEOS
Monopolistic Competition - Notes
Monopolistic Competition and Product Differ, ppt.
(Handouts From Class)
Monopolistic Competition Graphing Conditions
ACDC Econ Videos:
4.4 Elastic & Inelastic Ranges of Demand
4.5 Socially Optimal & Fair Return Price
4.8 Price Discrim. Monopoly (1st Degree)
4.10 Game Theory & Dominant Strategy
4.12 Monopolistic Comp. Short & Long Run
MJMFoodie VIDEOS
Episode 27B - DWL from Monopoly
ASSIGNED WORK
EXTRA HELP RESOURCES
ACDC Econ Videos:
Welker's Classroom Videos:
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1st Degree Price Discrim. & its Effect on Efficiency in a Monopolistic Market
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Determining the Efficiency of Firms in Different Market Structures