第10章 市场势力：垄断与买方垄断.pptVIP

第 10章 Slide * Rent Seeking Firms may spend to gain monopoly power Lobbying Advertising Building excess capacity The Social Costs of Monopoly Power 第 10章 Slide * The incentive to engage in monopoly practices is determined by the profit to be gained. The larger the transfer from consumers to the firm, the larger the social cost of monopoly. The Social Costs of Monopoly Power 第 10章 Slide * Example 1996 Archer Daniels Midland (ADM) successfully lobbied for regulations requiring ethanol be produced from corn Question Why only corn? The Social Costs of Monopoly Power 第 10章 Slide * Price Regulation R