Monopoly
Über den Vortrag
Der Vortrag „Monopoly“ von James DeNicco ist Bestandteil des Kurses „Principles of Microeconomics (EN)“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- Entry Barriers in a Monopoly
- A Monopoly's Revenue
- A Monopoly's Profit
- The Welfare Costs of a Monopoly
- A Closer Look at Price Discrimination
- Recap
Quiz zum Vortrag
A firm is a natural monopoly if it exhibits the following as its output increases:
- decreasing average total cost.
- increasing average total cost.
- decreasing marginal revenue.
- increasing marginal cost.
Which of the following statements is true about revenue when a monopoly increases the quantity it produces?
- The output effect tends to increase revenue and the price effect tends to decrease revenue.
- Both the output effect and the price effect tend to decrease revenue.
- Both the output effect and the price effect tend to increase revenue.
- The output effect tends to decrease revenue and the price effect tends to increase revenue.
For a monopoly in the short run _______________, and in the long run _______________.
- price > average total cost ; price > average total cost
- price > average total cost ; price = average total cost
- price = average total cost ; price > average total cost
- price = average total cost ; price = average total cost
Which of the following is NOT true about price discrimination?
- It allows different prices for different customers, decreasing the quantity sold, which decreases the deadweight loss.
- Price discrimination requires the ability to distinguish customers willingness to pay.
- Price discrimination can raise economic welfare.
- Price discrimination is a rational strategy for a profit maximizing monopolist.
Dozent des Vortrages Monopoly
James DeNicco
Dr. DeNicco graduated from Drexel University in 2013. His primary field is Macroeconomics and his secondary field is Industrial Organization. His primary research interests are in Macroeconomics and applied Macroeconomics, especially the relationship between GDP growth and labor dynamics.
His focus is on jobless recovery, which explores the speed of recovery in unemployment rates post recession, controlling for GDP growth. He is currently an Assistant Professor at the University of Tampa, where he teaches both Macroeconomics and Microeconomics.
Dr. DeNicco also does work as a Research Associate for the Center for Labor Markets and Policy. In that role he has conducted extensive work with BLS and BEA data regarding estimation and forecasting techniques used by the Massachusetts Governor’s Office and the Rhode Island Department of Labor.
In addition, he collaborates on research identifying the determinants of successful transitions from high school to college and persistence in college, with the goal of identifying major transition barriers needing either program or policy intervention.
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