Description
Classification of market on the basis of Competition.
? PRESENTED
BY
KAPIL SANAP
CLASS-: MBA 1ST YEAR SUBJECT-: MARKET COMPETITION
? ? ? ? ? ?
INTRODUCTION TO MARKET CLASSIFICATION OF COMPETITION PRICE DISCRIMINATION MEASUREMENT OF MONOPOLY POWER CARTELS CARTEL PRICING
PERFECT
IMPERFECT
PURE
PERFECT
MONOPOLY DUOPOLY OLIGOPOLY
MONOPOLISTIC MOUOPSONY COMPETITION
?
PURE 1) LARGE NUMBER OF BUYERS & SELLERS 2) HOMOGENEOU PRODUCTS 3) FREE ENTRY & FREE EXIT OF FIRMS
?
PERFECT 1) PERFECT KNOWLEDGE 2) NO DISCRIMINATION 3) NO COST OF TRANSPORTATION 4) MOBILITY OF FACTORS OF PRODUCTION 5) AUTOMATIC PRICE MECHNASIM
? MONOPOLY
A) PURE & PERFECT MONOPOLY B) IMPURE MONOPOLY 1) SINGAL PRODUCER 2) NO CLOSE SUBSITUTE 3) BARRIERS OF ENTRY OF FIRMS
? MONOPOLISTIC
COMPETITION
1) FAIRLY LARGE NUMBER OF FIRMS 2) PRODUCT DIFFERENTIATION 3) SELLING COST 4) PRICE DIFFERENCE WITHIN A PRICE RANGE
? OLIGOPOLY
1) FEW SELLERS/ PRODUCERS( FIRMS) 2) PRODUCT MAY BE HOMOGENEOUS OR THERE MAY BE PRODUCT DIFFERENTITION 3) RESTRICTIONS OF ENTRY
?
DEFINITION-: ´PRICE DISCRIMINATION IS ART OF SELLING THE SAME COMODITY PRODUCT UNDER A SINGAL CONTROL TO DIFFERENT BUYER AT DIFFERENT PRICES.µ
PRICE DISCRIMINATION IS POSSIBLE & PROFITABLE UNDER THE FOLLOWING CONDITION.THESE ARE FOLLOW: a) EXISTENCE OF TWO OR MORE THAN TWO MARKETS. b) EXISTANCE OF DIFFERENT ELASTICITIES OF DEMAND IN DIFFERENT MARKET. c) NO POSSIBILITY OF RESALE d) FULL CONRTOL OVER SUPPLY.
?TYPES
a)
OF PRICE DISCRIMINATION
PERSONAL DISCRIMINATION PLACE DISCRIMINATION TRADE DISCRIMINATION
b)
c)
?MEASUREMENT
OF MONOPOLY POWER
?CARTEL
?
CARTEL AGREE TO CO-OPERATE IN SETTING PRICES & OUTPUT LEVELS. IF ENOUGH PRODUCERS ADHERE TO THE CARTELS AGREEMENTS, & IF MARKET DEMAND IS SUFFICIENTLY INELASTIC, THE CARTEL MAY DRIVE PRICES WELL ABOVE COMPETITIVE LEVELS.
? DECISION
MAKING UNDER CARTEL
PRICING
doc_460280766.pptx
Classification of market on the basis of Competition.
? PRESENTED
BY
KAPIL SANAP
CLASS-: MBA 1ST YEAR SUBJECT-: MARKET COMPETITION
? ? ? ? ? ?
INTRODUCTION TO MARKET CLASSIFICATION OF COMPETITION PRICE DISCRIMINATION MEASUREMENT OF MONOPOLY POWER CARTELS CARTEL PRICING
PERFECT
IMPERFECT
PURE
PERFECT
MONOPOLY DUOPOLY OLIGOPOLY
MONOPOLISTIC MOUOPSONY COMPETITION
?
PURE 1) LARGE NUMBER OF BUYERS & SELLERS 2) HOMOGENEOU PRODUCTS 3) FREE ENTRY & FREE EXIT OF FIRMS
?
PERFECT 1) PERFECT KNOWLEDGE 2) NO DISCRIMINATION 3) NO COST OF TRANSPORTATION 4) MOBILITY OF FACTORS OF PRODUCTION 5) AUTOMATIC PRICE MECHNASIM
? MONOPOLY
A) PURE & PERFECT MONOPOLY B) IMPURE MONOPOLY 1) SINGAL PRODUCER 2) NO CLOSE SUBSITUTE 3) BARRIERS OF ENTRY OF FIRMS
? MONOPOLISTIC
COMPETITION
1) FAIRLY LARGE NUMBER OF FIRMS 2) PRODUCT DIFFERENTIATION 3) SELLING COST 4) PRICE DIFFERENCE WITHIN A PRICE RANGE
? OLIGOPOLY
1) FEW SELLERS/ PRODUCERS( FIRMS) 2) PRODUCT MAY BE HOMOGENEOUS OR THERE MAY BE PRODUCT DIFFERENTITION 3) RESTRICTIONS OF ENTRY
?
DEFINITION-: ´PRICE DISCRIMINATION IS ART OF SELLING THE SAME COMODITY PRODUCT UNDER A SINGAL CONTROL TO DIFFERENT BUYER AT DIFFERENT PRICES.µ
PRICE DISCRIMINATION IS POSSIBLE & PROFITABLE UNDER THE FOLLOWING CONDITION.THESE ARE FOLLOW: a) EXISTENCE OF TWO OR MORE THAN TWO MARKETS. b) EXISTANCE OF DIFFERENT ELASTICITIES OF DEMAND IN DIFFERENT MARKET. c) NO POSSIBILITY OF RESALE d) FULL CONRTOL OVER SUPPLY.
?TYPES
a)
OF PRICE DISCRIMINATION
PERSONAL DISCRIMINATION PLACE DISCRIMINATION TRADE DISCRIMINATION
b)
c)
?MEASUREMENT
OF MONOPOLY POWER
?CARTEL
?
CARTEL AGREE TO CO-OPERATE IN SETTING PRICES & OUTPUT LEVELS. IF ENOUGH PRODUCERS ADHERE TO THE CARTELS AGREEMENTS, & IF MARKET DEMAND IS SUFFICIENTLY INELASTIC, THE CARTEL MAY DRIVE PRICES WELL ABOVE COMPETITIVE LEVELS.
? DECISION
MAKING UNDER CARTEL
PRICING
doc_460280766.pptx