I. INTRODUCTION AND THEORY  1. Overview  2. The Firm and Costs II. MARKET STRUCTURES  3. Competition  4. Monopolies, Monopsonies, and Dominant Firms  5. Cartels  6. Oligopoly  7. Product Differentiation and Monopolistic Competition  8. Industry Structure and Performance III. BUSINESS PRACTICES: STRATEGIES AND CONDUCT  9. Price Discrimination 10. Advanced Topics in Pricing 11. Strategic Behavior 12. Vertical Integration and Vertical Restrictions IV. INFORMATION, ADVERTISING, AND DISCLOSURE 13. Information 14. Advertising and Disclosure V. DYNAMIC MODELS AND MARKET CLEARING 15. Decision Making Over Time: Durability 16. Patents and Technological Change 17. How Markets Clear: Theory and Facts VI. GOVERNMENT POLICIES AND THEIR EFFECTS 18. International Trade 19. Antitrust Laws and Policy 20. Regulation and Deregulation

In-depth modern coverage provides a thorough background in microeconomic theory.Two-colour figures and interior design add to the accessibility and pedagogical effectiveness of the text.Practical examples illustrate the role of individual theories in current policy debates.Designed for flexibility, this text can be tailored for use with different audiences and includes starred sections and technical appendices that can be used to increase the level of difficulty and depth of coverage.Appropriate for use in two-semester courses, Modern Industrial Organization can easily be used for shorter courses by following the suggested course outlines.

Updated "Example" boxes cover timely topics including the conflicts of interest between managers and shareholders, FTC opposition to Internet bans that harm competition, monopoly power by the Catholic Church in hiring priests, China's tobacco monopoly, Canadian drug sales, Blockbuster's pricing, and more.New section on Professor Sutton's groundbreaking theoretical and empirical research into determinants of concentration (why some markets have only a few firms, each with a large market share).Updated Chapter 5 on cartels offers enhanced coverage of international cartels.New material in Chapter 7 on estimating differentiated goods models. MyEconLab not included. Students, if MyEconLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyEconLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.