MARKET AND ITS FORMS
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The document discusses different market structures: perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. Perfect competition is characterized by many small firms, homogeneous products, perfect information, and price-taking behavior. Monopoly involves a single seller controlling the market. Monopolistic competition and oligopoly involve a small number of firms with some product differentiation. Oligopoly features mutual interdependence between firms. Duopoly is a special case of oligopoly with two firms.
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The document discusses different types of markets based on various factors such as area, nature of transactions, volume of business, time period, status of sellers, level of regulation, competition, number of buyers and sellers, and product characteristics. The key market structures described are perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is characterized by many small sellers and buyers, homogeneous products, and no barriers to entry or exit. A monopoly has a single seller and significant barriers to entry without close substitutes. Monopolistic competition has many sellers but differentiated products. Oligopoly has a few dominant sellers producing either homogeneous or differentiated goods.
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This document discusses different types of markets:
1) Perfect competition is characterized by many small firms and buyers selling homogeneous products with no barriers to entry. Price is determined by the industry.
2) Imperfect competition includes monopoly, monopolistic competition, and oligopoly. A monopoly has a single seller without substitutes and can influence price. Monopolistic competition has many sellers of differentiated products. Oligopoly has a few dominant firms producing homogeneous or differentiated goods.
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This document outlines four main market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. It provides details on the key features of each structure. Perfect competition is defined by many small buyers and sellers, homogeneous products, free entry and exit from the market, and perfect information. A monopoly features a single seller, no close substitutes for its product, barriers to entry for new firms, and the ability to price discriminate. Monopolistic competition involves differentiated products, many buyers and sellers, product differentiation through branding and advertising, and free entry and exit. Oligopoly is characterized by a small number of large, mutually interdependent firms, barriers to entry, and non-price competition.
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1. Monopolistic competition refers to a market with many small businesses that sell differentiated products.
2. While products are differentiated, they are still close substitutes for one another. Firms have some control over pricing but also face competition from similar products.
3. Features include free entry and exit of businesses, product differentiation through branding or qualities, and firms engaging in advertising to promote their unique versions.
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The document discusses different forms of market structure under economics, including perfect competition and monopoly. Perfect competition refers to a market with many small buyers and sellers, homogeneous products, free entry and exit into the market, and perfect information. The key features of perfect competition are a large number of buyers and sellers, homogeneous products, free entry and exit into the market, perfect information among all parties, perfect mobility of resources, no transportation or selling costs. Monopoly refers to a market with a single seller and no close substitutes for the product. It is characterized by a single seller, lack of substitutes, restrictions on firms entering or exiting the market, and price discrimination.
Forms of markets
Describes about the different types of markets such as monopoly, oligopoly, perfect and imperfect market.
Types of markets and their characteristics.
1) The document discusses different types of market systems including monopoly, oligopoly, monopolistic competition, perfect competition, and monopsony.
2) A monopoly is characterized by a single seller, while an oligopoly has a small number of dominant sellers. Monopolistic competition involves differentiated products.
3) Perfect competition assumes many buyers and sellers such that no individual participant can influence the market price. A monopsony has a single buyer who can influence the price paid to suppliers.
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This document discusses different types of markets:
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This document outlines four main market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. It provides details on the key features of each structure. Perfect competition is defined by many small buyers and sellers, homogeneous products, free entry and exit from the market, and perfect information. A monopoly features a single seller, no close substitutes for its product, barriers to entry for new firms, and the ability to price discriminate. Monopolistic competition involves differentiated products, many buyers and sellers, product differentiation through branding and advertising, and free entry and exit. Oligopoly is characterized by a small number of large, mutually interdependent firms, barriers to entry, and non-price competition.
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1. Monopolistic competition refers to a market with many small businesses that sell differentiated products.
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Thanks for downloading. I'm glad to be of help. Please kindly like.
&comment as well...
Any ppt needed? Then comment the topics and I'll prepare a well presented ppt and post it!
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The document discusses different types of market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. It provides details on the key characteristics of each type:
- Perfect competition has many buyers/sellers, homogeneous products, price taking behavior, free entry/exit
- Monopoly has a single seller, no substitutes, price making behavior and barriers to entry
- Monopolistic competition has many buyers/sellers of differentiated products, some price making ability, and free entry/exit
- Oligopoly has a few dominant sellers, differentiated or homogeneous products, interdependent behavior and some barriers to entry.
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The document defines and describes key concepts related to markets and market structure:
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- Perfect competition has many small competitors, identical products, easy entry and exit into the market, and competitors have little control over price.
- Monopolistic competition has many competitors but differentiated products, easy entry and exit, and competitors can control price to some degree.
- Oligopoly has a few large competitors offering similar or differentiated products, difficult entry and exit, and competitors have significant control over price.
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What is Market?
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This document defines different types of market structures:
- A market allows buyers and sellers to interact and exchange goods/services. It can be defined by a geographic area.
- Market structures include perfect competition, monopolistic competition, oligopoly, duopoly, monopoly, and cartels.
- Perfect competition has many small sellers/buyers of homogeneous products, no entry/exit barriers, and price-taking firms. Monopolistic competition has differentiated products. Oligopolies and duopolies have a small number of interdependent firms. Monopolies are the sole providers of goods/services and can influence prices. Cartels explicitly collude to regulate supply and prices.
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The document discusses different market structures including perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. It describes the key characteristics of each structure such as the number of firms, level of control over price, barriers to entry/exit, product homogeneity, and interdependence between firms. Perfect competition has many small firms, identical products, free entry/exit and firms are price takers. A monopoly is dominated by a single firm. Oligopoly and duopoly are dominated by a small number of large firms where their actions influence each other.
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This document outlines different market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. It provides characteristics of each structure. Perfect competition is defined by many small firms, homogeneous products, free entry and exit. Each firm is a price taker and will sell all it can at the market price. A monopoly has a single seller that is not a price taker and can influence the market price through output adjustments. Monopolistic competition has many differentiated products with easy entry. Oligopoly has few interdependent sellers offering similar products, where cooperation could allow profit-maximizing behavior like a monopoly.
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Economics - Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly
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Thanks for downloading. I'm glad to be of help. Please kindly like.
&comment as well...
Any ppt needed? Then comment the topics and I'll prepare a well presented ppt and post it!
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This document provides an overview of marketing concepts including definitions of marketing, the marketing mix, types of markets, and market structures. It defines marketing as identifying and satisfying consumer demand through a system of activities to plan, price, promote, and distribute goods and services. The marketing mix consists of the 4Ps - product, price, promotion, and place. Markets are classified by type of goods (commodity, input, financial) and structure (perfect competition, monopoly, monopolistic competition, oligopoly). Market structures differ based on the number of sellers, product differentiation, and barriers to entry.
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This document provides an overview of different market structures: pure competition, pure monopoly, monopolistic competition, and oligopoly. It defines each structure and discusses their key characteristics. Pure competition is characterized by many small sellers, homogeneous products, perfect information and mobility. A pure monopoly has a single seller, large barriers to entry, and wields substantial influence over prices. Monopolistic competition involves many sellers of differentiated products. Oligopoly is dominated by a small number of interdependent firms. The document also outlines the assumptions of each market structure model and provides examples.
Business economics 5
This document discusses different types of market structures and pricing strategies. It defines market structure as the characteristics of a market that describe the nature of competition and pricing, such as the number of firms and products. The four main types of market structures are perfect competition, monopolistic competition, oligopoly, and monopoly. It also outlines several pricing strategies such as penetration pricing, economy pricing, price skimming, and product line pricing. Pricing is influenced by factors like costs, market conditions, and perceived value.
Economics Market Structures
This document discusses different types of market structures: perfect competition, monopolistic competition, oligopoly, and monopoly. It provides examples and key features of each market structure type. Perfect competition is characterized by many small sellers, homogeneous goods, perfect information, and free entry/exit. Monopolistic competition has differentiated goods, many sellers/buyers, and free entry/exit. Oligopoly has a small number of large sellers where each is influenced by competitors. Monopoly is dominated by a single seller with significant barriers to entry.
Applied Economics Week 5 (Market Structures).pptx
Perfect competition is characterized by many small firms, homogeneous products, free entry and exit, and perfect information. Buyers and sellers are price takers with no influence over market price.
Monopoly is dominated by a single seller who is a price maker and faces no competition. Barriers to entry prevent other firms from entering the market.
Oligopoly is dominated by a few large firms. These firms recognize their interdependence and may collude or compete with each other.
Market and market structure
group 11 , Course-110
Prepared by Students of University of Rajshahi
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一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
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Independent Study - College of Wooster Research (2023-2024)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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你做代理，可以改变自己，改变他人，给他人和自己一个机会大块就啃啃得满嘴满脸猴屁股般的红艳大家一个劲地指着对方吃吃地笑瓜裂得古怪奇形怪状却丝毫不影响瓜味甜丝丝的满嘴生津遍地都是瓜横七竖八的活像掷满了一地的大石块摘走二三只爷爷是断然发现不了的即便发现爷爷也不恼反而教山娃辨认孰熟孰嫩孰甜孰淡名义上是护瓜往往在瓜棚里坐上一刻饱吃一顿后山娃就领着阿黑漫山遍野地跑阿黑是一条黑色的大猎狗挺机灵的是山娃多年的忠实伙伴平时山娃上学阿黑也摇头晃脑地跟去暑假用不着上学阿钩
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Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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MARKET AND ITS FORMS
- 1. FORMS OF MARKETPRESENTED BY ROHAN GOYAL OF CLASS 12 CBSE STUDENT OF EXCELLENT COMMERCE COACHING CENTRE BELONG TO BACTCH NUMBER 1 INSPIRED BY THE OUR HONOURABLE ECONOMICS PROFESSER JACKY GARG FOLLOW AND LIKE OUR INSTITUTE ON FACEBOOK www.facebook.com/ecccmansa FOLLOW ME ON INSTAGRAM www.instagram.com/rohn.goyl.8j ADD AND FOLLOW ME ON FACEBOOK www.facebook.com/rohan.goyal.5817
- 2. DEFINITION OF THE MARKET Market is place where consumers or people get what they want and they purchase to satisfy their needs. www.instagram.com/rohn.goyl.8j WHY YOU GO TO MARKET? BECAUSE I CAN GET WHAT I WANT
- 4. PERFECT COMPETITION DEFINITION OF PERFECT COMPETITION MARKET IT IS MARKET IN WHICH LARGE NUMBER OF BUYERS AND SELLERS ARE FOUND AND IN THIS MARKET HOMOGENEOUS PRODUCT IS ALSO FOUND. FEATURES OF THE PERFECT COMPETITION MARKET 1.BUYERS AND SELLERS: In this market,there are large number of buyers and sellers are there because of the product being homogeneous. 2.NATURE OF THE PRODUCT: In this market,homogeneous product is found and due to this feature only large number of buyers are found and sellers also. 3.ENTRY AND EXIST: In this market,there is free entry and exist because there is impact on the market when firm enter the market or move out from the market. 4.PERFECT KNOWLEDGE: In this market,the all the persons which are pose to be the buyers have perfect knowledge about the product as product is same or simple. 5.PERFECT MOBILITY: In this market,there is perfect mobility because customer can move from one firm to another due to product availability at every shop. 6.SELLING COST: In this market,firm do not has to bear selling cost because product is homogenous and so no additional advertisement expenses is required.
- 5. MONOPOLISTIC MARKET DEFINITION OF THE MONOPOLISTIC MARKET IT REFERS TO THE MARKET IN WHICH THERE ARE LARGE NUMBER OF BUYERS AND SELLERS ARE THERE AND IN THIS MARKET HETROGENEOUS PRODUCT IS FOUND. FEATURES OF THE MONOPOLISTC MARKET 1.BUYERS AND SELLERS: In this market,there are large number of buyers and sellers because of wider choice in this type of market. 2.NATURE OF THE PRODUCT: In this market,the hetrogeneous product is find because all producers sell product which are different in size,features,quality design. 3.ENTRY AND EXIT: In this market,there is free entry and exit is there but then also there are some restrictions like no one can copy the name of the company etc. 4.IMPERFECT KNOWLEDGE: In this market,buyers do not have perfect knowledge about the product as product in the market are many and they can’t be remind. 5.IMPERFECT MOBILITY: In this market,there is imperfect mobility because ensurity about product availability at every shop is not there and if buyer have to pay high price to one seller then he can’t able to move to another seller. 6.SELLING COST: In this market,seller has to bear selling cost as there is product differentiation and to sell his product he has to do avertising on media etc.
- 6. MONOPOLY MARKET DEFINITION OF THE MONOPOLY MARKET IT REFERS TO THE MARKET IN WHICH THERE ONE SELLER AND BUYERS ARE MANY AND IN THIS MARKET THERE IS CLOSE SUBSTITUE OF THE PRODUCT. FEATURES OF THE MONOPOLY MARKET 1.BUYERS AND SELLERS: In this market,there is only one seller and there are many buyers of the product and that is the reason this market is monopoly. 2.NATURE OF THE PRODUCT: In this market,there is no homogeneous and there is no hetrogeneous product because there is only one product in the market. 3.ENTRY AND EXIT: In this market,there is no free entry and exit as there are no some restrictions instead there are many restrictions opposed by government. 4.PERFECT KNOWLEDGE: In this market,there can be perfect knowledge of the product as product in this market is one only.for example railways are monopoly of government in india and every people in country are pose to have knowledge. 5.IMPERFECT MOBILITY: In this market,there is imperfect moblity as if buyer get high price so he can’t able to move as seller is only one in market. 6.SELLLING COST: In this market,seller had to bear selling expense because as if he had to sell the product then firstly seller had to spend on advertisement.
- 7. OLIGIOPOLY MARKET DEFINITION OF THE OLIGOPOLY MARKET IT REFERS TO THE MARKET IN WHICH THERE ARE FEW SELLERS AND MANY BUYERS ARE THERE AND IN THIS MARKET THERE IS MUCH INTERDEPNDENECE. FEATURES OF THE OLIGIOPOLY MARKET 1.BUYERS AND SELLERS: In this market,there are few sellers and there are many buyers for example in india there are few companies of cars but their demand is much. 2.DEMAND CURVE: In this market,the demand curve is difficult to form because there is much change in the price and output of company as due to interdependence. 3.INTERDEPENDENCE: In this market,there is much interdepence as one firm is dependable on another firm’s price and output policy. 4.NON PRICE COMPETITION: In this market,the firm prefer to build his share in market by advertising not by battling through price. 5.ENTRY AND EXIST: In this market,entry of firms is not easy as in this market there is much requiement of high investment and this market is secured with patents also. 6.CARTEL FORMATION: In this market,firms often form cartel which means group form.