Well Come To Our Presentation

The name of our group is

SHADOW

We are

Sk Sadman Rafa BBA-055-

Faiza Hasan Payel BBA-055-

Iftekar Hasan Shawon BBA-055-

Mishuk Hossan BBA-055-

Syeda Afshana Hossain BBA-055-

Fihadun Nesa BBA-055-

The name of our presentation

topic is

‘’Imperfect Competition

And Monopoly’’

Sk Sadman Rafa

BBA-055-

Definition of imperfect

CompetitionImperfect competition prevails in an

industry whenever individual sellers

can affect the price of their output. The

major kind of imperfect competition

are monopoly, oligopoly and

monopolistic competition.

Faiza Hasan Payel

ID : BBA -055-

Varieties of Imperfect

CompetitionA modern industrial economy lie the united states is a jungle populated with many species of Imperfect Competition .

The varieties of Imperfect Competition are-

* Monopoly

* Oligopoly

* Monopolistic Competition

Monopoly Oligopoly

Monopoly is a single

seller with complete

control over an industry.

Mono for one and polist

for seller .A Monopolist is

the only firm producing in

its industry and there is

no industry producing a

close substitute.

Oligopoly means

“few sellers ” few in this

context can be a number

as small as 2 more but

under 15 firms .Each

individual firm can affect

the market price.

Iftekar Hasan Shawon

ID :BBA 055-

Monopolistic Competition

* Many sellers in market / many firms.

* Differentiated products

* Freedom of entry or exit

* Independent Behavior

* Control over prices

*Non price competition usually occurs.

So the firm faces a downward sloping demand curve.

Mishuk Hossan

ID :BBA-055-

Sources of Market

ImperfectionImperfect competition can be traced to

two principle causes-

• Costs and market imperfection

• Barriers to entry

Costs and Market

Imperfection

Large scale production

Decreasing average costs

Expand its output

Syeda Afshana Hossain

ID: BBA-055-

Barriers to entry

Barriers to entry are the obstacles that

make it difficult to enter a given

market. This hindrance my include

• Government and patents,

• technology challenges,

• star-up cost o

• education and licensing requirements.

Types of Barriers to entry

* Legal restrictions

* High cost of entry

* Advertising and product differentiation

Legal restrictions

* Patent

* Entry restriction

* Foreign trade tariffs and quotas

Fihadun Nesa

ID:BBA-055-

High Cost Of Entry

In some industries the price of entry

simply maybe very high. So it became

difficult to entry imperfect market.

Advertising and product differentiation

Advertising can create product

awareness and loyalty to well known

brands. Product differentiation can

impose a barrier to entry and increase

the market power of producers

Any Query???