Microeconomic Analysis for Business Decisions Final Exam Study Guide Chapters 9-12 and 14 Chapter Sections: 9.1, 9.2, 9.5, 9.6 Market power Barriers to entry Control of key inputs Downward sloping demand and affecting price Antitrust laws Patents Rent-seeking Chapter Sections: 10.1, 10.5 Producer where MR=MC Price discrimination Bundling Third degree price discrimination Willingness to pay Chapter Sections: 11.1, 11.3, 11.5, 11.7 Nash equilibrium Bertrand competition Cournot competition Stackelberg competition Monopolistically competitive industries Cartel Oligopoly Equilibrium in various market structures Chapter Sections: 12.1, 12.2, 12.5 Simultaneous games Incumbent strategy (think Southwest airlines) Repeated games Optimal strategy Normal form Pure strategy Maximin strategy Entry-deterrence