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  • Market Structure:-: 1. Pure Competition. 2. Perfect Competition. 3. Monopoly. 4. Monopolistic Competition. 5. Oligopoly

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    Ketaki Bodhe
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    This document outlines different market structures: pure competition, perfect competition, monopoly, monopolistic competition, and oligopoly. It provides defining characteristics for each structure, such as the number of buyers and sellers, product differentiation, barriers to entry/exit, and pricing behavior. Pure competition and perfect competition have many buyers/sellers and homogeneous products. A monopoly has a single seller and no substitutes for its product. Monopolistic competition has many firms, product differentiation, and elastic demand. Oligopoly has a small number of interdependent firms, product differentiation is not required, and there are barriers to entry.

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    Theory of Factor Pricing & Output Determination.

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    This document outlines different market structures: pure competition, perfect competition, monopoly, monopolistic competition, and oligopoly. It provides defining characteristics for each structure, such as the number of buyers and sellers, product differentiation, barriers to entry/exit, and pricing behavior. Pure competition and perfect competition have many buyers/sellers and homogeneous products. A monopoly has a single seller and no substitutes for its product. Monopolistic competition has many firms, product differentiation, and elastic demand. Oligopoly has a small number of interdependent firms, product differentiation is not required, and there are barriers to entry.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    39 views6 pages

    Market Structure:-: 1. Pure Competition. 2. Perfect Competition. 3. Monopoly. 4. Monopolistic Competition. 5. Oligopoly

    Uploaded by

    Ketaki Bodhe
    This document outlines different market structures: pure competition, perfect competition, monopoly, monopolistic competition, and oligopoly. It provides defining characteristics for each structure, such as the number of buyers and sellers, product differentiation, barriers to entry/exit, and pricing behavior. Pure competition and perfect competition have many buyers/sellers and homogeneous products. A monopoly has a single seller and no substitutes for its product. Monopolistic competition has many firms, product differentiation, and elastic demand. Oligopoly has a small number of interdependent firms, product differentiation is not required, and there are barriers to entry.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 6

    Theory Of Pricing & Output Determination

    Market Structure:1. Pure Competition. 2. Perfect Competition. 3. Monopoly. 4. Monopolistic Competition. 5. Oligopoly.

    Pure Competition
    Large No of Sellers & Buyers
    Homogeneous Product Free Entry & Exist

    Perfect Competition
    Perfect Knowledge of the Market
    Absence of Transport Cost Perfect Mobility of the factors of production

    Monopoly
    Pure or Perfect Monopoly
    1.Only one firm producing the commodity 2.There should be no substitute for commodity.

    Characteristics Features Of Monopolistic Competition


    Existence of Number of Firms Product Differentiation Easy Entry & Exist Multiplicity of Price

    Elastic Demand

    Features of Oligopoly
    1. Small no. of Sellers & buyers 2. Product condition differentiation not a necessary

    3. Control

    over

    price

    restricted

    by

    Mutual

    Independence

    4. Barriers to Entry
    5. Advertising & Sales Promotion.

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