Chapter and sections in Taylor to Read |
Pg # |
Comments/Assignment |
12 Monopolistic Competition and Oligopoly |
229 |
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Monopolistic Competition |
230 |
Skip. Covered in previous Unit. |
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Differentiated Products |
230 |
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Perceived Demand for a Monopolistic Competitor |
231 |
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How a Monopolistic Competitor Chooses Price and Quantity |
232 |
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Monopolistic Competitors and Entry |
234 |
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Monopolistic Competition and Efficiency |
235 |
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The Benefits of Variety and Product Differentiation |
236 |
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Oligopoly |
237 |
Read – Important. Pay particular attention to “Prisoner’s dilemma” |
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Why Do Oligopolies Exist? |
237 |
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Collusion or Competition? |
238 |
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The Prisoner’s Dilemma |
238 |
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The Oligopoly Version of the Prisoner’s Dilemma |
239 |
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How to Enforce Cooperation |
240 |
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Trade-offs of Imperfect Competition |
242 |
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Key Concepts and Summary |
242 |
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Review Questions |
244 |
review |
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13 Competition and Public Policy |
245 |
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Corporate Mergers |
246 |
Read. |
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Regulations for Approving Mergers |
247 |
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The Four-Firm Concentration Ratio |
248 |
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The Herfindahl-Hirshman Index |
248 |
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The Problem of Defining a Market |
250 |
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Regulating Anticompetitive Behavior |
250 |
Ignore. |
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Restrictive Practices |
251 |
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The Microsoft Case |
252 |
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An Evolving Set of Standards |
252 |
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When Breaking Up Is Hard to Do: Regulating Natural Monopolies |
253 |
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The Choices in Regulating a Natural Monopoly |
253 |
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Cost-Plus versus Price Cap Regulation |
255 |
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The Great Deregulation Experiment |
255 |
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Doubts about Regulation of Prices and Quantities |
256 |
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The Effects of Deregulation |
256 |
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Frontiers of Deregulation |
257 |
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Around the World: From Nationalization to Privatization |
258 |
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Key Concepts and Summary |
260 |
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Review Questions |
261 |
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