Class Notes (1,100,000)
CA (620,000)
UTSG (50,000)
ECO (1,000)
ECO101H1 (600)
Lecture 12

ECO101H1 Lecture Notes - Lecture 12: Sundae, Mira-Bhayandar Municipal Corporation, Natural Monopoly


Department
Economics
Course Code
ECO101H1
Professor
James Pesando
Lecture
12

This preview shows pages 1-2. to view the full 8 pages of the document.
[ECO100 ECONOMICS]
THE ROLE OF GOVERNMENT
 
 
 
  !
"#$%#&
 '#()&*$%+,
- $(&
- .
- 
 !/.'#
0(1##
$(&21! 3((4(natural monopoly is naonal monopoly)
#(&5
 "1(&#(&(set P=ATC, so the rm earns zero economic prot)
 / (##(..2167#4
.89#(-
#(5
'61.(.&:6(.:#%*,&(1#6
(;1(

 36.
&5(#11
"5(<1#66((<
 5
- 
- "
#(5#
5
- =
- =
#(5.>#9.&#
?&5(#%((1
@'A ABC
5-=-=
D66(5E:
#6(5:
 5E#
35E#
DF3
)(should build)
 $%
- (GE8E#0:-#6

Only pages 1-2 are available for preview. Some parts have been intentionally blurred.

[ECO100 ECONOMICS]
- H(&:#7166:
I 6%FREE RIDER PROBLEM56..1
(16&#161
 #
- J166:61E6
- 69&(E:8E:=E-
!#5(1
=
=
C(6?12&4
- /:6(&6(:6'66616.
(6
- 6%:(#(.166(:(&#2E46
6
- D&'(&626*,4
- !K66(6':66#6(
::61.(6
#(5./
L.5A#6.661#*(,M
!5(66CB$6#176N#1
(.
@166#(26&G.4
$3N2E#4*in this case, MC is total cost
$JN72E#4
$JF$3:166 6166CAB@/&(#%
 $JF$3:'@@ &(
#%$JO$38(1-
You're Reading a Preview

Unlock to view full version

Only pages 1-2 are available for preview. Some parts have been intentionally blurred.

[ECO100 ECONOMICS]
$J5D.C#'$JC6
(6
L
P
$
J
L
E
L
$
J
L
E
L
$
J
E
L
Q

Q
6

You're Reading a Preview

Unlock to view full version