Chapter 16 Monopolistic Competition Imperfect Competition • We have so far seen two kinds of markets: – Perfect competition • Many buyers • Many sellers • All sellers…

1. INTRODUCTION 2. Meaning and Definition“MARKET is an arrangementthat facilitates the buyingand selling of the product,service and factor ofproduction or futurecommitment”.…

1. Monopolistic Competition Chapter 17 2. The Four Types of Market Structure Number of Firms? Many firms One firmMonopolyFew firmsOligopoly• Tap water• Tennis balls•…

1. Economics Project Inclusion:Features of Different types of Market Price Discrimination Capital BudgetingMade by- Vaishali Bhanushali Roll No.-2003 Class- F.Y. Bcom. Division-…

1. Welcome topic: “ Monopoly market” By Andrews 2. What is monopoly market? Monopoly is simply a market with only one seller and no close substitutes for that seller’s…

1. MONOPOLY.REPRESENTED BY:-Prof. S.D.BHARDWAJAND PROF. BHAWANA BHARDWAJ 2. MONOPOLYThe word monopoly has been derivedfrom greek words, Mono+Pollein whichmeans single…

Slide 1MonopolyMonopoly Slide 2 Overview Sources of Monopoly Power Monopoly pricing Thumb rule for pricing Multi-plant firm The Social Costs of Monopoly Power Price regulation…

1.MOD -7(ME)MARKET STRCTUREWhat are Markets? The market may be in one specific place.A market is where buyers and sellers: meet to exchange goods and services usually…

1.1717Monopolistic Competition 2. Monopolistic Competition • Imperfect competition refers to those market structures that fall between perfect competition and pure monopoly.…

1. 1/18/2013 1 2. 1/18/2013 2 3. Q: What is MARKET ????Ans: Market is a place where buyer & seller meets.Elements of Market:1. Buyers & Sellers2.A product or service3.…