1. Nature of competition in real world: A critical analysis. Submitted to: Prof. M.P.Rege

2. Group Members 1. 2. 3. 4. 5. 6.

3. Agenda

4. What is Market?

6. Cable TV

7. Tennis balls

8. Crude oil

9. Novels

10. Movies

11. Wheat

13. Price Determination In Perfect Competition

14. Equilibrium Point

15. Time Element in Price AnalysisMarshall’s Theory of time

16. Pricing in Market Period

17. Pricing in Short Run period

18. Pricing in Long Run period

19. Pure competition

20. Imperfect Competition

21. Monopoly Competition

22. Features

25. Advantages of monopoly :

26. Disadvantages of monopoly

27. Monopsony Competition

28. Monopolistic Competition

29. Features

30. Oligopoly Competition

31. Features

32. Kinked demand curve and price rigidity Reaction to price reduction Reaction to price increase D D D ELASTIC DEMAND(other firms do not follow price increase) LESS ELASTIC DEMAND (other firms follow price cut)) D’ PRICE d K Price change unmatched d’ D Price change matched QUANTITY

33. Oligopsony Competition