COMPETITION LAW EFFECTIVE TOOL FOR GOOD CORPORATE GOVERNANCE IN INDIA Submitted to Prof. I. Sridhar Legal Aspects of Business IIM Indore By Vinod Kumar 2012FPM20 Section F IIM INDORE TABLE OF CONTENTS CONTENTS PAGE NO. A. Introduction 1. Introduction...............................................................................................3 B. Analysis 2. Analysis of property rights in the case of tangibles................................4 3. Common features of Intellectual property
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sellers in the industry. C) the firm sells a product distinct from products sold by competing firms. D) the price is greater than the marginal revenue. ___ 2. Which of the following is most likely to be observed when firms engage mainly in non-price competition? A) actively encouraging the sale of generic‚ as opposed to brand-name‚ products B) advertising and product differentiation C) discounts offered through coupons D) low interest rates for financing the purchase
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structures: pure competition‚ pure monopoly‚ monopolistic competition‚ and oligopoly (McConnell & Brue 2004). Understanding the different market structures will help to understand how price and output are determined and will also help to evaluate the efficiency or inefficiency of those markets (McConnell & Brue 2004). This paper will briefly explain each market structure and will also explain how Quasar Computers evolved through each structure. Monopolistic Competition Monopolistic competition is defined
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small firms. No single firm can influence the market price which is essentially the meaning of relative ease of exit and entry from the market. Another crucial aspect of long run pure competition is that the demand faced by the firm is perfectly elastic at the market price. Long run equilibrium outcome in pure competition results in an optimal allocation of resources. In a monopolistically competitive market structure‚ excess profits are eliminated in the long run through imperfect emulation of successful
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opportunity and are therefore critical to understanding how a market functions. The conditions that distinguish each market structure define the level of competition observed within the market which in turn determines the profit level that can be made. Because pricing strategies are intended to maximize a firm’s profit‚ understanding market competition is necessary when deciding an appropriate pricing strategy approach. The third section of this paper gives the pricing strategy for a real-world firm
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Markets • Potential competition or monopoly In recent years‚ economists have developed the theory of contestable markets. This theory argues that what is crucial in determining price and output is not whether an industry is actually a monopoly or competitive‚ but whether there is the real threat of competition. If a monopoly is protected by high barriers to entry – say that it owns all the raw materials – then it will be able to make supernormal profits with no fear of competition. If‚ however
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Market structure is the state of the market with respect to its competition. There are several different market structures such as perfect competition‚ monopolies‚ and oligopoly. An industry consists of all firms making similar or identical products. Economists assume that there are a number of different buyers and sellers in the marketplace (Heakal‚ 2014). In some industries‚ there are no substitutes and there is no competition. In a market that has only one or few suppliers of a good or service
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Introduction There are many market structures in the market‚ namely monopoly‚ perfect competition‚ monopolistic competition as well as oligopoly. The market structure we choose for our businesses is monopolistic competition. In this market structure‚ there are many competitors compete with each other to increase the sales so that they can earn profits. The product we choose to conduct our assignment is Pringles‚ one of the kinds of tidbits in the market. Pringles are a type of potato chips which
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the conclusion that free markets are efficient. Explain how these assumptions either do or do not apply to an industry of your choosing. Free market economics concludes that the two assumptions that make free markets efficient include; 1.) perfect competition and 2.) that buyers and sellers are the only actors interested in the outcome of the market. eBay is an example that I consider being the closest thing to a “perfectly” competitive market‚ albeit internet based. A perfectly competitive market
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can focus on the industry environment for example‚ especially on customers‚ suppliers and competitors. An industries profit comes from how perfect the market is. In general the price a customer wants to pay needs to exceed the cost the company incurrs. With growing competition that gap will close and in a perfect market‚ there will be perfect competition and hence virtually zero margin. The other extreem would be a monopoly with most markets sitting in between‚ being oligopolies. Porter’s five
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