L25X mc and oligopoly jpw - Monopolistic Competition...

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microL25-F09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Monopolistic Competition Lecture 25 Jennifer P. Wissink ©2009 John M. Abowd and Jennifer P. Wissink, all rights reserved. November 24, 2009
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microL25-F09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Announcements for Fall 2009 Please remember to check the MyEconLab site for quiz information. THANKS! No office hours THIS AFTERNOON or TOMORROW FOR WISSINK. Sorry to anyone who had planned to stop by. Please see me early next week. Have a great Thanksgiving Break! NO SECTIONS OR OFFICE HOURS TODAY FOR ROMITA , she is sick as a dog.
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microL25-F09- http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Should the Government Regulate Monopolies? Essentially all monopolies are regulated, in some way or another. Natural monopolies are regulated by price commissions that determine the rates the monopolies may charge. Patent, copyright and license protections are a form of ex ante regulation: firms that follow the rules for establishing the validity of their innovations receive the protection of the patent, copyright or license. Should the government do more? Good question.
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http://www.arts.cornell.edu/econ/wissink/econ1110jpw/ Should the Government Regulate Monopolies? How about a tax on the output of the monopolist? What would that do? How about a tax on the economic profit of the monopolist? What would that do? How about a binding price ceiling on the monopolist? What would that do? How about breaking up the monopoly?
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This note was uploaded on 02/01/2012 for the course ECON 1101 at Cornell University (Engineering School).

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L25X mc and oligopoly jpw - Monopolistic Competition...

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