m
 m


PRESTIGE INSTITUTE MANAGEMENT & RESEARCH

BY: ABHISHEK KESHRI

Ê
   

’EFINATION OF MARKET

PERFECT MARKET ITS ’EFINATION & FEATURES

MONOPOLY MARKET ITS ’EFINATION & FEATURES

MONOPOLISTIC MARKET ITS ’EFINATION & FEATURES

OLIGOPOLY MARKET ’EFINATION ITS ’EFINITION & FEATURES

’IFFERENC BETWEEN ALL FOUR MARKET

× TUESDAY 16 NOV 2010

 


Means by which buyers and sellers are brought into contact with
each other and goods and services are exchanged. The term
originally referred to a place where products were bought and
sold.

TYPES OF MARKET
1-PERFECT MARKET
2-MONOPOLY MARKET
3-MONOPOLISTIC MARKET
4-OLIGOPOLY MARKET

TUESDAY 16 NOV 2010

£
Ê
m


Ê Perfect market is a form of the market where there is a large

number of buyers and sellers of a commodity .Homogenous
product is sold with no control over price by an individual firm.

FEATURES:
ÿLarge number of buyers seller.
ÿHomogenous product.
ÿPerfect knowledge.
ÿFree entry and exit of firms.

º TUESDAY 16 NOV 2010

Ê   

Ê Monopoly is a form of the market in which there is a single

seller or producer of a commodity. There are no close
substitute of the monopoly product and there are legal,
technical or natural barriers to the entry of the new firms in the
monopoly market.

Features:
ÿSingle seller of the commodity.
ÿAbsence of close substitutes of product.
ÿ’ifficult entry of new firm.
ÿPrice maker.

- TUESDAY 16 NOV 2010

Ê   

Ê It refers to a market situation in which there are many firms

which sales closely related but differentiated product .

Features:
ÿLarge number of buyers and sellers .
ÿProduct differentiation.
ÿFree entry and exit of the firm.
ÿNon-price competition.

 TUESDAY 16 NOV 2010

Ê   

Ê It is a form of market in which there is a large no of buyers, but

only a few big sellers of a commodity. For e.g. tata

Features
ÿA few firms
ÿEntry and exit of the firm
ÿHigh degree of interdependence
ÿproduct

D TUESDAY 16 NOV 2010

ʒmm


TUESDAY 16 NOV 2010

a
[ M
 September 13 2010