Week # 12-13: Monopoly, imperfect Competition, Pricing in Input Markets

Barriers to Entry, Profit Maximization and Output Choice, Monopoly and Resource Allocation, Monopoly, Product Quality, and Durability, Price Discrimination, Second-Degree Price Discrimination through Price Schedules, Regulation of Monopoly, Dynamic Views of Monopoly, Cournot Model, Capacity Constraints, Product Differentiation, Tacit Collusion, Longer-Run Decisions: Investment, Entry, and Exit, Strategic Entry, Deterrence, Signaling, How Many Firms Enter?  Innovation, Allocation of Time, A Mathematical Analysis of Labor Supply, Market Supply Curve for Labor, Labor Market Equilibrium, Monopsony in the Labor Market, Labor Unions