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Empowering learners to build and create, innovate and lead tomorrow.
, Contents
MARKET STRUCTURE....................................................................................................................................................... 1
1.1 Introduction:......................................................................................................................................................... 1
1.2 THE MAIN FACTORS WHICH DETERMINE THE MARKET STRUCTURE ................... 1
1.2.1 Number of Buyers and Sellers: ................................................................................................................... 1
1.2.2 Nature of the Commodity: ........................................................................................................................... 1
1.2.3 Freedom of Movement of Firms: ............................................................................................................... 2
1.2.4 Knowledge of Market Conditions: ............................................................................................................. 2
1.2.5 Mobility of Goods and Factors of Production: .................................................................................... 2
1.2.6 Economies of Scale: .......................................................................................................................................... 2
1.3 FORMS OF MARKET STRUCTURE ....................................................................................................... 3
1.3.1.1 Perfect Competition ................................................................................................................................... 3
1.3.1.2 Determinants of Price under Perfect Competition .................................................................... 3
1.3.1.3 Characteristics of Perfect Competition ............................................................................................ 3
1.3.1.4 Perfect Competition against Pure Competition .......................................................................... 5
1.3.1.5 Monopolistic Competitions ..................................................................................................................... 5
TO NOTE: In addition to product differentiation, other characteristics of monopolistic
competition are................................................................................................................................................................... 6
1.3.1.6 Monopoly Market.......................................................................................................................................... 6
1.3.1.7 Characteristics of Monopoly ................................................................................................................... 6
1.3.1.8 Oligopoly ........................................................................................................................................................... 7
1.3.1.9 Characteristics of Oligopoly.................................................................................................................... 8
1.3.1.10 Duopoly market ....................................................................................................................................... 9
1.3.1.11 So the characteristics of a duopoly market are as follows: ................................................ 9
REFERENCES........................................................................................................................................................................10
ii | P a g e
Empowering learners to build and create, innovate and lead tomorrow.
Empowering learners to build and create, innovate and lead tomorrow.
, Contents
MARKET STRUCTURE....................................................................................................................................................... 1
1.1 Introduction:......................................................................................................................................................... 1
1.2 THE MAIN FACTORS WHICH DETERMINE THE MARKET STRUCTURE ................... 1
1.2.1 Number of Buyers and Sellers: ................................................................................................................... 1
1.2.2 Nature of the Commodity: ........................................................................................................................... 1
1.2.3 Freedom of Movement of Firms: ............................................................................................................... 2
1.2.4 Knowledge of Market Conditions: ............................................................................................................. 2
1.2.5 Mobility of Goods and Factors of Production: .................................................................................... 2
1.2.6 Economies of Scale: .......................................................................................................................................... 2
1.3 FORMS OF MARKET STRUCTURE ....................................................................................................... 3
1.3.1.1 Perfect Competition ................................................................................................................................... 3
1.3.1.2 Determinants of Price under Perfect Competition .................................................................... 3
1.3.1.3 Characteristics of Perfect Competition ............................................................................................ 3
1.3.1.4 Perfect Competition against Pure Competition .......................................................................... 5
1.3.1.5 Monopolistic Competitions ..................................................................................................................... 5
TO NOTE: In addition to product differentiation, other characteristics of monopolistic
competition are................................................................................................................................................................... 6
1.3.1.6 Monopoly Market.......................................................................................................................................... 6
1.3.1.7 Characteristics of Monopoly ................................................................................................................... 6
1.3.1.8 Oligopoly ........................................................................................................................................................... 7
1.3.1.9 Characteristics of Oligopoly.................................................................................................................... 8
1.3.1.10 Duopoly market ....................................................................................................................................... 9
1.3.1.11 So the characteristics of a duopoly market are as follows: ................................................ 9
REFERENCES........................................................................................................................................................................10
ii | P a g e
Empowering learners to build and create, innovate and lead tomorrow.
