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Dominick Salvatore Schaums Outline of Microeconomics, 4th edition Schaums Outline Series 2006

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CONTENTS

ix

7.9 X-Inefficiency 152

7.10 Technological Progress 153

Midterm Examination 179

CHAPTER 8 Price and Output Under Perfect Competition 184

8.1 Perfect Competition Defined 184

8.2 Price Determination in the Market Period 185

8.3 Short-Run Equilibrium of the Firm: Total Approach 185

8.4 Short-Run Equilibrium of the Firm: Marginal Approach 186

8.5 Short-Run Profit or Loss? 188

8.6 Short-Run Supply Curve 189

8.7 Long-Run Equilibrium of the Firm 189

8.8 Constant Cost Industries 190

8.9 Increasing Cost Industries 191

8.10 Decreasing Cost Industries 192

CHAPTER 9 Price and Output Under Pure Monopoly 212

9.1 Pure Monopoly Defined 212

9.2 The MR Curve and Elasticity 213

9.3 Short-Run Equilibrium Under Pure Monopoly:

Total Approach 213

9.4 Short-Run Equilibrium Under Pure Monopoly:

Marginal Approach 214

9.5 Long-Run Equilibrium Under Pure Monopoly 215

9.6 Regulation of Monopoly: Price Control 216

9.7 Regulation of Monopoly: Lump-Sum Tax 216

9.8 Regulation of Monopoly: Per-Unit Tax 217

9.9 Price Discrimination 218

CHAPTER 10

Price and Output Under Monopolistic

Competition and Oligopoly 238

10.1 Monopolistic Competition Defined 238

10.2 Short-Run Equilibrium Under Monopolistic Competition 238

10.3 Long-Run Equilibrium Under Monopolistic Competition 239

10.4 Oligopoly Defined 239

10.5 The Cournot Model 240

10.6 The Edgeworth Model 240

10.7 The Chamberlin Model 241

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