market structure what is market? what is market structure ? a market is a medium where sellers meet...
TRANSCRIPT
![Page 1: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/1.jpg)
Market Market StructureStructure
![Page 2: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/2.jpg)
What is MARKET?
What is MARKET STRUCTURE ?
A market is a medium where sellers meet buyers to exchange goods and services.
Market Structure are the conditions under which sellers and buyers interact in the market.
![Page 3: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/3.jpg)
MARKET STRUCTUREMARKET STRUCTURE
Perfect Competition
Imperfect Competition
Monopoly
Oligopoly
Monopolistic Competition
![Page 4: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/4.jpg)
PERFECT COMPETITIONPERFECT COMPETITIONMany buyers & sellers
Buyers Sellers
![Page 5: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/5.jpg)
PERFECT COMPETITIONPERFECT COMPETITIONProducts are homogeneous
![Page 6: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/6.jpg)
Free entry to & exist from the market
PERFECT COMPETITIONPERFECT COMPETITION
![Page 7: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/7.jpg)
Perfect Information
PERFECT COMPETITIONPERFECT COMPETITIONWorth $5
![Page 8: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/8.jpg)
ExamplePERFECT COMPETITIONPERFECT COMPETITION
![Page 9: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/9.jpg)
MONOPOLY
Only 1 seller
We are all buyers
![Page 10: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/10.jpg)
Products are homogeneous or heterogeneous
MONOPOLY
Vs
![Page 11: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/11.jpg)
No entry to the market
MONOPOLY
![Page 12: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/12.jpg)
Imperfect informationMONOPOLY
$5 ?! $3 ?!$1 ?!
![Page 13: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/13.jpg)
Example
MONOPOLY
![Page 14: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/14.jpg)
OligopolyOnly a few sellers
成功人士之篇
![Page 15: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/15.jpg)
Products are homogeneous or heterogeneous
Oligopoly
Vs
![Page 16: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/16.jpg)
Entry are restricted
Oligopoly
![Page 17: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/17.jpg)
Imperfect information
Oligopoly
????????????????
……
![Page 18: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/18.jpg)
Example
Oligopoly
Towngas
![Page 19: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/19.jpg)
MONOPOLISTIC COMPETITIONMany buyers & sellers
BuyersSellers
![Page 20: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/20.jpg)
Products are heterogeneous
MONOPOLISTIC COMPETITION
Vs
![Page 21: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/21.jpg)
Free entry to & exist from the market
MONOPOLISTIC COMPETITION
![Page 22: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/22.jpg)
MONOPOLISTIC COMPETITIONNearly perfect information
$
$ $
$
$
$
$$
$$
We know everything……
$$
$ ???
???
![Page 23: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/23.jpg)
MONOPOLISTIC COMPETITIONExample
TAXI
Haircut
![Page 24: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/24.jpg)
Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition
![Page 25: Market Structure What is MARKET? What is MARKET STRUCTURE ? A market is a medium where sellers meet buyers to exchange goods and services. Market Structure](https://reader031.vdocuments.us/reader031/viewer/2022013012/5697c0281a28abf838cd703d/html5/thumbnails/25.jpg)
~~ THE END ~THE END ~