market structure what is market? what is market structure ? a market is a medium where sellers meet...
Post on 29-Jan-2016
218 Views
Preview:
TRANSCRIPT
Market Market StructureStructure
What is MARKET?
What is MARKET STRUCTURE ?
A market is a medium where sellers meet buyers to exchange goods and services.
Market Structure are the conditions under which sellers and buyers interact in the market.
MARKET STRUCTUREMARKET STRUCTURE
Perfect Competition
Imperfect Competition
Monopoly
Oligopoly
Monopolistic Competition
PERFECT COMPETITIONPERFECT COMPETITIONMany buyers & sellers
Buyers Sellers
PERFECT COMPETITIONPERFECT COMPETITIONProducts are homogeneous
Free entry to & exist from the market
PERFECT COMPETITIONPERFECT COMPETITION
Perfect Information
PERFECT COMPETITIONPERFECT COMPETITIONWorth $5
ExamplePERFECT COMPETITIONPERFECT COMPETITION
MONOPOLY
Only 1 seller
We are all buyers
Products are homogeneous or heterogeneous
MONOPOLY
Vs
No entry to the market
MONOPOLY
Imperfect informationMONOPOLY
$5 ?! $3 ?!$1 ?!
Example
MONOPOLY
OligopolyOnly a few sellers
成功人士之篇
Products are homogeneous or heterogeneous
Oligopoly
Vs
Entry are restricted
Oligopoly
Imperfect information
Oligopoly
????????????????
……
Example
Oligopoly
Towngas
MONOPOLISTIC COMPETITIONMany buyers & sellers
BuyersSellers
Products are heterogeneous
MONOPOLISTIC COMPETITION
Vs
Free entry to & exist from the market
MONOPOLISTIC COMPETITION
MONOPOLISTIC COMPETITIONNearly perfect information
$
$ $
$
$
$
$$
$$
We know everything……
$$
$ ???
???
MONOPOLISTIC COMPETITIONExample
TAXI
Haircut
Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition
~~ THE END ~THE END ~
top related