JUSTIN JACOB ARUNOTHAYAM
TABLE OF CONTENT
1. INTRODUCTION: 3
2. MARKET STRUCTURES: 3
3.1. PERFECT COMPETITION: 3 2.2. MONOPOLY COMPETITION: 4
3.2. MONOPLOISTIC COMPETITION:5
3.3. OLIGOPOLISTIC COMPETITION:5
3. PRICE DISCRIMINATION:6
1.1. First Degree Price Discrimination:7
1.2. Second Degree Price Discrimination:7
1.3. Third Degree Price Discrimination:8
5. REFERENCES: 10
The view of economist is always different from the view of the management, as they see how the company growth can be taken in term of economy, price, and other rivalry in the market, which have a direct or indirect competition with our firm and its functions. Thus the economist usually helps the management in fixing the price of the product as how they are competing with the competitor in the market to take the top place in the market.
Thus economists have grouped the industries into four major market structures: 1. Pure Competition, 2. Pure Monopoly Competition, 3. Monopolistic Competition, 4. Oligopoly Competition. With this the economist are clear as in which path our industry should be placed and step to be taken to reach the goal in the competition. (Christopher R. Thomas, 2005)
Economist usually identify the following with the above said structures,
* Total number of firms competing in the market.
* Keeping a value added price and control over the relevant products.
* The type of product the firms sell in the market.
* Barriers for new entrants.
* Survival of non-price competition in the market.
2. MARKET STRUCTURES:... [continues]
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