Chapter 11

Figure 11-1

TM 1

Speculators Even Out the Price of a

Commodity over Time

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.

Chapter 11
Figure 11-2

TM 2

Speculative Storage Can

Improve Efficiency

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.

TM 3

Chapter 11
Figure 11-3

What Happens When Two Firms Insist

on Undercutting Each Other?

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.

Chapter 11
Figure 11-4

TM 4

A Payoff Table for a Price War

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.

Chapter 11
Figure 11-5

TM 5

Should a Duopolist Try

the Monopoly Price?

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.

Chapter 11
Figure 11-6

TM 6

To Confess or Not to Confess,

That Is the Prisoners Dilemma

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.

Chapter 11
Figure 11-7

TM 7

Noncooperative Behavior Leads

to More Pollution

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.

Chapter 11
Figure 11-8

TM 8

When Too Many People Enter

Contests, National Income Can Fall

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.

TM 9

Chapter 11
Figure 11-9

Countries Gain from Trade but Lose

from Trade War

McGraw-Hill/Irwin

2005 The McGraw-Hill Companies, Inc. All Rights reserved.