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ECO 101 Cheat Sheet Key Diagrams for Monopoly and Market Structures(3)_clean

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MARKET STRUCTURES Monopoly

Good vs Selfish Monopoly

Price Discrimination (Spare Capacity)

Monopolistic Competition (SR)

High MES - Large vs Small Firm

Price Discrimination (Gained Revenue)

Monopolistic Competition (LR)

Natural Monopoly

Oligopoly (Game Theory)

Perfect Competition

Oligopoly (Kinked Demand Curve)

LABOUR MARKET Trade Union (Employer in competitive market)

NMW in area of low cost of living (North East, Wales etc.)

Trade Union (Monopsony Employer)

NMW in area of high cost of living (London)

NMW (Employer in competitive market

Monopsony Employer

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NMW (Monopsony Employer)

Structural Unemployment


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