monopoly competition
DESCRIPTION
http://www.myassignmenthelp.net/economics-assignment-help.php University economics deals with subjects like economic theory, microeconomics, demand-supply gap, macroeconomics. These subjects are part of various evaluations like economics thesis, economics dissertation and economics essay. MyAssignmentHelp.net provides all such economics help and economics assignment helpTRANSCRIPT
![Page 1: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/1.jpg)
ECONOM ICS ASSIGNMENT
![Page 2: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/2.jpg)
Consumer behavior and demand
MICROECONOMICS
![Page 3: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/3.jpg)
Forms of market
![Page 4: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/4.jpg)
Forms of market structureForms of market structureimperfect competitionmonopolyMonopolistic competitionoligopolyperfect competitionmonopolyMonopolistic competitionoligopoly
![Page 5: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/5.jpg)
PERFECT COMPETITIONVery large no. of buyers and sellers
Homogeneous product
Free entry and exit of firm
Perfect knowledge
Perfect mobility
AR( demand ) curve parallel to X- axis
No control over price
Absence of transport cost
![Page 6: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/6.jpg)
PERFECT COMPETITION
Under perfect competition, price of a commodity is determined by the interaction of market demand and market supply of the whole industry.
Firm is price taker and industry is price maker.
![Page 7: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/7.jpg)
AR and MR curves in perfect competition
![Page 8: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/8.jpg)
Demand curve in perfect competition
![Page 9: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/9.jpg)
Profit maximizing condition
Price= MR
at equilibrium, MR= MC
![Page 10: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/10.jpg)
MONOPOLY
Single firm
No substitute product
Very difficult entry of firms
Price discrimination
AR curve downward sloping
Great control over price
![Page 11: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/11.jpg)
MONOPOLY
Monopoly is a market situation where there is single firm selling the commodity and there is no close substitute of the commodity sold by the monopolist.
He is price maker.
![Page 12: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/12.jpg)
TR, AR and MR under monopoly
![Page 13: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/13.jpg)
Demand curve in monopoly
![Page 14: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/14.jpg)
Profit maximizing conditionMR= MC and MC Is rising
![Page 15: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/15.jpg)
MONOPOLISTIC COMPETITION
Large no. of firms
Differentiated products
Free entry and exit
Selling cost- ( advertisement cost)
AR curve downward sloping
Some control over price
![Page 16: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/16.jpg)
MONOPOLISTIC COMPETITION
Monopolistic competition refers to a market situation in which there are many firms selling closely related but differentiated products.
![Page 17: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/17.jpg)
AR and MR curves in monopolistic competition
![Page 18: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/18.jpg)
Demand curve and profit maximization in monopolistic competition
![Page 19: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/19.jpg)
OLIGOPOLYFew firms
Homogeneous and differentiated products
Difficult entry of new firms
Selling cost- ( advertisement cost)
AR and MR curve downward sloping
Price rigidity
Indeterminate demand curve
![Page 20: Monopoly competition](https://reader033.vdocuments.us/reader033/viewer/2022051014/54be85d44a7959656a8b462b/html5/thumbnails/20.jpg)
For further Info :
http://www.myassignmenthelp.net
+61-7-5641-0117 (AUS)
http://www.myassignmenthelp.net/sitemap.xml