Your SlideShare is downloading. ×
  • Like
Monopolistic competition
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Now you can save presentations on your phone or tablet

Available for both IPhone and Android

Text the download link to your phone

Standard text messaging rates apply

Monopolistic competition

  • 1,863 views
Published

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
No Downloads

Views

Total Views
1,863
On SlideShare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
0
Comments
0
Likes
1

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. MonopolisticCompetition
    What is it?
  • 2. Monopolistic Competition Defined
    • Monopolistic Competition is a Market Structure in which multiple Producers make similar, but not identical products
    • 3. The goods are similar enough to be substitutes for each other
    • 4. The Producers must engage customers in areas beyond price in order to sell their goods.
    • 5. This is referred to as Non-price competition
  • Features
    • Large number of buyers and sellers
    • 6. No business has total control over the market
    • 7. Product differentiation
    • 8. High elasticity of demand
    • 9. Such market leads to rise of non-price competition
    • 10. Eg. Offers by Vodafone/ Airtel
  • Graphical Representation of the market structure
  • 11. Pros and Cons
    • Pros
    • 12. Different
    • 13. Have good incentives
    • 14. Have a degree of market power
    • 15. Cons
    • 16. Many competitors
    • 17. Have to accept low profit margins
    • 18. Easy for others to enter the market
  • Examples
  • 19. Thank you
    VenkateshEswar
    JaideepChawla
    SushantShetty
    AdityaMahagaonkar
    SudeepChatterjee
    Ruth Dhamone
    TanviShenoy