Monopolistic competition
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Monopolistic competition

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Monopolistic competition Monopolistic competition Presentation Transcript

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