Business economics market structures

Business Economics – Market Structures 23 rd Oct 2009 Sameer Gunjal

Assumptions ,[object Object],[object Object],[object Object],[object Object],[object Object]

Price & Output determination ,[object Object],[object Object],[object Object],[object Object]

Profit Determination ,[object Object],[object Object],[object Object],[object Object]

Efficiency in competitive markets ,[object Object],[object Object],[object Object],[object Object],[object Object]

Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Example contd… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Imperfect competition ,[object Object],[object Object],[object Object],[object Object]

Source of market imperfections ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Revenues under a Monopoly ,[object Object],[object Object]

Price and Output determination in a Monopoly

Comparison – Monopoly & Perfect Competition

Price Discrimination ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Assignment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Product Differentiation ,[object Object],[object Object],[object Object],[object Object]

Price and Output determination in a Monopolistic Competition

Effect of advertising & product development ,[object Object],[object Object],[object Object],[object Object]

Assumptions ,[object Object],[object Object],[object Object],[object Object]

Kinked demand curve ,[object Object],[object Object],[object Object],[object Object]

Impact of price leadership in oligopoly ,[object Object],[object Object],[object Object],[object Object],[object Object]

Business economics market structures

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