Forms of market
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This document discusses different types of markets in microeconomics. It defines a market as the exchange of goods and services. Markets are classified as perfect or imperfect. A perfect market has many buyers and sellers of homogeneous products that sell at a single price determined by supply and demand. Features include no barriers to entry/exit and perfect information. Imperfect markets include monopoly, monopolistic, and oligopoly. A monopoly has a single seller with no substitutes. A monopolistic market has differentiated products and some barriers. An oligopoly has a few dominant sellers controlling most of the market. The document provides details on features of each type and compares perfect and monopoly markets. It ends with self-evaluation questions.
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Forms of market
The document discusses different forms of market structure: perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is defined as a market with many small producers and sellers of a homogeneous product, with no single firm influencing price. Monopoly exists when there is a single seller of a unique product without close substitutes. Monopolistic competition features many sellers of differentiated but similar products, while oligopoly describes a market with a small number of interdependent firms competing intensely. The document outlines the key features that define each market structure type.
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1) The document discusses the economic theory of demand, including what determines demand, the relationship between price and quantity demanded, and the factors that influence demand.
2) Key factors that determine demand include price, income, tastes and preferences, and prices of related goods. The quantity demanded at each price level is shown in a demand schedule and as a downward sloping demand curve.
3) According to the law of demand, quantity demanded increases when price decreases and decreases when price increases, assuming all other factors remain constant. Demand can shift due to changes in these other factors.
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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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Market Structure- Economics
The document defines and describes key concepts related to markets and market structure:
1) A market is the area where buyers and sellers of a commodity are in close contact through various means of communication and there is one price for the commodity. It is not confined to a particular place.
2) Market structure refers to the characteristics of a market that influence firm behavior and results, such as the number of buyers and sellers, level of competition, and product differentiation.
3) The main types of market structures are perfect competition, monopoly, monopolistic competition, and oligopoly. Each has defining features that influence how prices are determined.
group1-141121160953-conversion-gate01 (1).pdf
The document defines and describes key concepts related to markets and market structure. It discusses that a market involves buyers and sellers in close contact through various means of communication, allowing for one price of a commodity across a region. It then defines market structure as the characteristics of a market that influence firm behavior and performance. The document goes on to categorize markets based on area, time period functions, commodity nature, and legality. It also describes different market structures including perfect competition, monopoly, monopolistic competition, and oligopoly.
Market structure
This is Presentation of Market Structure which describes about its characteristics - types in detail with its curve diagram
Market structure
The document defines a market as the mechanism that brings together buyers and sellers, rather than being a fixed physical place. It discusses the key characteristics of a market, including the number/size of buyers and sellers, type of product, ease of entry/exit, and information transparency. It also defines different market structures - perfectly competitive, monopolistic competition, oligopoly, and monopoly - based on factors such as number of firms, product differentiation, barriers to entry/exit, and firms' price-setting power.
market structure
The document discusses different market structures, including perfect competition and monopoly. It provides examples of each. Perfect competition is exemplified by the credit card market, where many banks offer identical credit cards. Monopoly is exemplified by Indian Railways, which is the sole provider of rail transport services in India and can set prices without competition. The document outlines the key features of perfect competition and monopoly markets, such as number of sellers/buyers and barriers to entry.
Market1 13360310399641-phpapp02-120503024734-phpapp02
This document provides an overview of market structures and definitions. It discusses the key features of perfect competition, including many buyers and sellers, homogeneous products, and firms being price takers. It also describes monopoly, oligopoly, and monopolistic competition. For each market structure, it outlines the number of firms, product differentiation, entry/exit barriers, and interdependence between firms. The document also discusses how individual firms determine price and output in the short run and long run under perfect competition.
Marketing presentation
This marketing presentation discusses retail marketing in India. It begins by defining retail marketing as promoting awareness and interest in goods and services through various sales channels like stores, malls, and kiosks to generate consumer sales. It then outlines the evolution of retail formats in India from traditional weekly markets to modern outlets like supermarkets and malls. The presentation covers retail marketing principles and strategies, the importance of retail marketing, major Indian retail players, challenges in the industry, and predicts the future of retail marketing in India will include more online shopping and use of data analytics.
Retailing
Retailing involves adding value to products and services sold to consumers for personal use. It includes all activities related to selling goods or services to final consumers. Retailing provides assortments of products and services in convenient locations while breaking bulk and managing inventory. In India, retailing is evolving from traditional formats like markets to established formats like department stores and emerging formats like hypermarkets and malls. There are various types of retail formats classified by ownership, merchandise offered, and whether they are store-based, non-store based, or service-based.
Market forms
Perfect Competitive Market, Pure Competitive Market, Monopoly, Duopoly, Monopolistic Competition, Oligopoly, Bilateral Monopoly
Managerial economics
This document contains a PowerPoint presentation on various topics related to price determination and market structures. It discusses perfect competition, imperfect competition including monopoly, monopolistic competition, and oligopoly. It also covers business cycles, inflation, and policies to address inflation. Key characteristics and conditions for equilibrium are provided for each market structure type.
Economics project on concept on revenue on markets
This document discusses revenue concepts in different market structures. It defines revenue, market, and the key market structures - perfect competition, monopolistic competition, and monopoly.
For perfect competition, the document outlines features like many small firms, homogeneous products, free entry and exit. Revenue is constant for each firm as they are price takers.
Monopolistic competition has product differentiation and imperfect information. Demand is more elastic.
Monopoly has a single seller, barriers to entry, no close substitutes. The monopolist is a price maker and determines price to maximize profits. Both average and marginal revenue are negatively sloped for a monopoly.
MARKET- CONCEPTS OF MARKET
This document discusses different types of markets: perfect competitive market, monopoly market, monopolistic market, and oligopoly market. It provides details about each market type, including their key characteristics and how price is determined. The perfect competitive market has many buyers and sellers and goods are identical. A monopoly market has a single seller. A monopolistic market has some competition but products are similar rather than identical. An oligopoly market has a small number of sellers producing similar products, requiring cooperation between sellers to determine prices.
Market in Microeconomics
Road map; DEFINITION OF MARKET
FEATURES OF MARKET
MARKET STRUCTURE
FEATURE OF COMPETITIVE MARKET & MONOPOLY MARKET
Perfect competition
The document discusses perfect competition in markets. It defines perfect competition as a market structure with a large number of buyers and sellers, homogeneous products, perfect information and free entry and exit of firms. The characteristics of perfect competition include independent decision making among firms and no transportation costs. The key conclusions are that under perfect competition, firms are price takers rather than price makers, and the demand curve for an individual firm is perfectly elastic.
Trade Talks: Creating Liquidity and Increasing Shareholder Value in the Publi...
Trade Talks: Creating Liquidity and Increasing Shareholder Value in the Publi...OTC Markets Group Inc.
In this webinar we discuss how community bank stocks are traded in today's market and what tools banks are utilizing to drive more liquidity in their stock. You can view the presentations here: https://youtu.be/xbfjzwmxJQ4Formalization of unorganized markets-Flea Markets and Physical Markets
This document provides information about two informal markets - Jummerat Bazaar flea market in Hyderabad and General Bazaar market in Secunderabad.
For Jummerat Bazaar, it describes the history, location, goods sold, economic activity, issues like lack of parking and traffic. Proposals are made to formalize the market by constructing temporary structures, providing parking, and beautifying the adjacent Musi riverfront.
For General Bazaar, it gives the introduction, structure and operation details. The major findings are around people from all classes visiting for variety and prices. Issues faced are narrow streets and inadequate parking. Proposals include restricting goods vehicles during peak hours and limiting customer vehicles in narrow roads.
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Market1 13360310399641-phpapp02-120503024734-phpapp02
Market1 13360310399641-phpapp02-120503024734-phpapp02
Economics project on concept on revenue on markets
Economics project on concept on revenue on markets
Trade Talks: Creating Liquidity and Increasing Shareholder Value in the Publi...
Trade Talks: Creating Liquidity and Increasing Shareholder Value in the Publi...
Formalization of unorganized markets-Flea Markets and Physical Markets
Formalization of unorganized markets-Flea Markets and Physical Markets
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Forms of market
- 1. Prepared By:- KVS, Delhi Region Forms of market Micro economics
- 2. Prepared By:- KVS, Delhi Region Market• • Market refers to exchange of goods and services
- 3. Prepared By:- KVS, Delhi Region Types of Market • Markets can be classified into Perfect and Imperfect.
- 4. Prepared By:- KVS, Delhi Region Perfect market • Meaning : It refers to that situation where there exists a large number of buyers and sellers selling homogenous goods at single price fixed by the market forces (demand & supply).
- 5. Prepared By:- KVS, Delhi Region Features of perfect market • Large number of sellers • Large number of buyers • Homogenous products • Single price • Free entry and exit of firms • No selling costs • Perfectly elastic demand curve • AR = MR • perfect knowledge
- 6. Prepared By:- KVS, Delhi Region Imperfect Market •Monopoly •Monopolistic •Oligopoly
- 7. Prepared By:- KVS, Delhi Region Monopoly • Meaning: Monopoly refers to a market situation where there exists a single seller selling such a good which has no close substitute.
- 8. Prepared By:- KVS, Delhi Region Features of Monopoly • Single seller • Large number of buyers • No close substitutes • Price discrimination • No selling costs • Relatively inelastic demand curve • AR>MR • AR&MR curves are downward sloping • No free entry and exit of firms
- 9. Prepared By:- KVS, Delhi Region Monopolistic Market Meaning: • it’s a market situation where we find a large number of buyers and sellers but not as large as perfect market , selling differentiated products.
- 10. Prepared By:- KVS, Delhi Region Features of Monopolistic Market • Large number of buyers • Large number of sellers • Differentiated products • Presence of selling costs • Relatively elastic demand curve • AR>MR • AR&MR curves are downward sloping
- 11. Prepared By:- KVS, Delhi Region OLIGOPOLY The form of market having few number of sellers with substantial market share
- 12. Prepared By:- KVS, Delhi Region Questions for self- evaluation • What is a market? • Classify markets. • Explain the features of perfect market. • Discuss the features of monopoly market. • How a monopoly market differ from monopolistic market? • Explain the features of monopolistic market. • Compare the features of perfect and monopoly markets.
- 13. Prepared By:- KVS, Delhi Region Mrs. Anita Bhardwaj KV, Vigyan Vihar Mrs .Monika Bajaj KV, Tagore Garden Mrs. Leena Singh KV, AGCR Mr. Sri Keshav KV, no.2 Delhi Cantt Mrs .Ritu Tanwar KV, AFS Rajokri Compiled by:-