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The document defines different types of markets including monopoly, oligopoly, monopolistic competition, and perfect competition. A monopoly market has a single seller of a unique product with no close substitutes. An oligopoly market is dominated by a small number of suppliers. Monopolistic competition features many producers selling differentiated but substitutable products. Perfect competition has many buyers and sellers of similar products with complete information and easy entry/exit.
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The document defines different types of markets based on competition. A market requires buyers and sellers who can negotiate transactions of goods/services. Markets are classified as either perfect or imperfect competition. Perfect competition has many buyers/sellers, homogeneous products, free entry/exit, and perfect information. Imperfect competition relaxes these assumptions and includes monopoly, oligopoly, monopolistic competition, and others depending on the number of buyers and sellers. The key features of different market structures like monopoly, oligopoly, and monopolistic competition are also outlined.
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This document defines different types of markets: perfect competition, monopoly, oligopoly, and monopolistic competition. Perfect competition refers to a theoretical market structure with many equal suppliers where supply and demand are in equilibrium. A monopoly exists when one company dominates an industry and excludes all viable competitors, which can lead to price gouging and deteriorating quality. In an oligopoly, a few companies collaborate to limit competition and dominate an industry together. Monopolistic competition involves many producers competing by selling differentiated products that are not perfect substitutes for each other.
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The document discusses different types of markets including weekly markets, shopping complexes, wholesale markets, and online markets. Weekly markets are held one day a week where consumers can find goods at low rates and engage in bargaining. Shopping complexes are multi-story buildings that house branded products from various retailers. They have fixed prices and fewer people can afford the branded goods. Online markets allow consumers to shop from home using websites and credit cards. The markets provide goods through a chain from producers to wholesale and retail traders to consumers.
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1. Monopolistic competition refers to a market with many small businesses that sell differentiated products.
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This document defines different types of markets and provides examples of each. It begins by defining a market as a place where buyers and sellers can exchange goods and services, whether physical or virtual. It then outlines four main types of markets: perfect competition, where many small businesses sell identical products; monopolistic competition, where many similar substitutes are offered with low barriers to entry; monopoly, where one seller dominates; and oligopoly, where a small number of large firms control most of the sales. Examples are provided for each market type.
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This document defines different types of markets and provides examples of each. It begins by defining a market as a place where buyers and sellers can exchange goods and services, whether physical or virtual. It then outlines four main types of markets: perfect competition, where many small businesses sell identical products; monopolistic competition, where many similar substitutes are offered with low barriers to entry; monopoly, where one seller dominates; and oligopoly, where a small number of large firms control most of the sales. Examples are provided for each market type.
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- Monopolistic competition has many buyers/sellers, differentiated but similar products, and free entry/exit.
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There are four main types of market structures: perfect competition, monopoly, oligopoly, and monopsony. Perfect competition is characterized by many small firms and buyers, no single firm influencing prices, and undifferentiated products. A monopoly has only one seller. Oligopolies have few sellers influencing each other's pricing. Monopsony has one buyer facing many sellers. The number and size of buyers and sellers, availability of information, and product differentiation determine a market's structure.
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This document defines market structure as the organizational and other characteristics of a market. It then lists and describes the four main types of market structures: monopolistic competition, perfect competition, monopoly, and oligopoly. Monopolistic competition involves many producers selling differentiated products. Perfect competition features identical and undifferentiated products. A monopoly has only one provider. Oligopoly is controlled by a small number of dominant firms. Examples are provided for each type of market structure.
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The document discusses different market structures:
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call 9845017139 / 9845064533 to book your shop in world market today
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The document defines and describes different market structures:
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- 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 outlines four main market structures: perfect competition, monopoly, monopolistic competition, and oligopoly. Perfect competition is defined by a large number of buyers and sellers of homogeneous products, with all participants being price takers. A monopoly exists when there is a single seller of a unique product with no close substitutes, allowing the seller to be a price maker. Monopolistic competition involves many sellers of differentiated products with some control over price. Oligopoly describes a market with few sellers that can influence prices through cooperation or collusion.
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Business Economics Unit 4
UNIT - IV: MARKET STRUCTURE AND PRICING PRACTICES: Features and Types of
different Competitive Situations – Price-Output Determination in Perfect Competition –
Monopoly - Monopolistic Competition and Oligopoly both in the long run and short run;
PRICING PHILOSOPHY: Pricing methods and Strategies.
Characteristics on which markets are distingushid
Characteristics on which markets are distinguished.
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Jobush Mathew
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Jobushmaduckayil@gmail.com
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This document discusses types of imperfect competition, including monopoly, monopolistic competition, oligopoly, and monopsony. Monopoly refers to a single seller of a unique product with no close substitutes. Monopolistic competition involves many sellers offering differentiated goods. Oligopoly describes a market with a small number of companies controlling the whole supply. Monopsony is a market with only one buyer.
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1. The document discusses different types of market structures, including perfect competition, monopoly, oligopoly, and monopolistic competition.
2. It defines each type of market structure based on the number of buyers and sellers, level of competition, product differentiation, and other factors.
3. The key types of market structures discussed are perfect competition, monopoly, oligopoly, and monopolistic competition.
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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.
Introduction to markets and pricing strategies
This document defines different types of markets based on competition and the number of buyers and sellers. It discusses perfect competition as a market with many buyers and sellers of homogeneous products. Imperfect competition includes monopoly, oligopoly, monopolistic competition, and others. Monopoly refers to a single seller controlling an entire industry. Monopolistic competition involves many sellers of differentiated but substitutable products. The document also defines duopoly as a market with two sellers, oligopoly as a market with a few dominant sellers, and related concepts involving a single or small number of buyers.
Market-Structure.pdf
This document discusses different types of market structures:
- Perfect competition is characterized by many small firms, homogeneous products, no barriers to entry or exit, and perfect information. Firms are price takers.
- Imperfect markets include monopoly, oligopoly, and monopolistic competition. A monopoly has a single seller. Oligopoly has a small number of interdependent firms. Monopolistic competition features differentiated products.
- Monopsony and oligopsony describe markets with only one or a small number of buyers rather than sellers.
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Competetion in market promotes economic efficiency
Competetion in market promotes economic efficiency
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Business to consumer .pdf
Business-to-consumer (B2C) refers to the process of selling products and services directly from a business to consumers, who are the end-users. Starbucks and Walmart India are examples of B2C companies, with Starbucks selling beverages and food directly to consumers, and Walmart India operating an online marketplace that allows vendors to sell products directly to consumers.
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Business-to-business (B2B) refers to commercial transactions between businesses, such as when one company sources materials from another for production purposes. Common examples of B2B relationships include Apple and its suppliers that produce components for the iPhone, as well as relationships throughout the automobile industry. Major ecommerce platforms like Alibaba and Amazon also facilitate B2B transactions through dedicated business services.
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Mobile browsing .pdf
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Mobile banking .pdf
Mobile banking allows customers to access and manage their bank accounts through a mobile application from anywhere. It is a system that permits users to perform financial transactions via a mobile device. The document discusses Kotak Mahindra Bank, an Indian private sector bank that was the first company in India to convert to a bank. It also mentions HDFC Bank and some of the services it offers through mobile banking like UPI payments, money transfers, cards, recharges and bill payments. The document is signed off by Ankita, a Marketing Executive in Unit 2.
General presentation-4.pdf
Social media platforms like WhatsApp, YouTube, and Twitter provide several positive impacts such as making friends, exchanging information worldwide, finding new job offers, and saving money on SMS fees. WhatsApp allows users to exchange text and media messages over WiFi or data plans without paying for SMS. YouTube is free to use and its powerful content, including videos teaching high-level mathematics, can reach a worldwide audience. Twitter connects users to communities sharing their interests and reports on live events by seeing what people are talking about away from conferences.
Science fair-4.pdf
The Workmen's Compensation Act of 1923 aims to provide financial protection to workers and their dependents in the case of workplace accidents. It requires employers to pay compensation for injuries sustained by workers in accidents arising from or during the course of work. The objectives are to provide relief or compensation to workers who are disabled or their dependents in the event of death due to such work-related accidents. Disablement refers to the loss of ability to work or move, which can reduce a worker's earning capacity if they are no longer able to earn as much as before the disablement occurred.
Fire extinguisher
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PPT
Electronic voting machines allow voters to cast their ballots electronically rather than using paper. Voters identify themselves using thumbprint scans, and the machine will only allow someone to vote if their print matches what is on file. E-voting is more economical than traditional methods as it requires less manpower and helps avoid invalid votes. However, it also presents security issues as votes are stored electronically, requires continuous power, and could allow votes to be traced back to individuals due to the lack of verification of paper ballots.
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ESI is a social security scheme offered by the government of India as per the Employees state Insurance Act,1948.
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ppt
- 1. Market Definition A market is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical like a retail outlet, or virtual like an e-retailer. Other example include the illegal markets, auction markets, and financial markets.
- 2. Types of market Monopoly Oligopoly Monopolistic competition Perfect competition
- 3. Monopoly market A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
- 4. Oligopoly market Oligopoly markets are markets dominated by a small number of suppliers. They can be found in all countries and across a broad range of sectors. Some oligopoly markets are competitive , while others are significantly less so, or con at least appear that way.
- 5. Monopolistic competition Monopolistic competition is a type of imperfect competition such that there are many producers competing against each other, but selling products that are differentiated from one another and hence are not perfect substitutes.
- 6. PERFECT COMPETITION MARKET There are many buyers and sellers in the market. Each company makes a similar product. Buyers and sellers have access to perfect information about price. There are no transaction costs. There are no barriers to entry into or exit from the market.
- 7. PERFECT COMPETITION MARKET There are many buyers and sellers in the market. Each company makes a similar product. Buyers and sellers have access to perfect information about price. There are no transaction costs. There are no barriers to entry into or exit from the market.
- 8. THANKYOU NAME –ANKITA SHARMA UNIT -2 CHANDIGARH