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Managerial Economics- Market Structures

Managerial Economics- Market Structures

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Published by Professor Tarun Das

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Published by: Professor Tarun Das on Nov 26, 2009
Copyright:Attribution Non-commercial


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Market Structures by Prof. Tarun Das1
Market StructuresProf. Tarun Das,IILM, New Delhi
Market Structures by Prof. Tarun Das2
Contents of this presentation
1. Different Market Structures2. Perfect competition3. Monopoly and Monopolistic competition4. Market Power and Lerner Index5. Structure-conduct-performance (SCP)approach
Market Structures by Prof. Tarun Das3
1.1 Different marketstructures
A market is an arrangement through whichbuyers and sellers exchange their goods andservices, anything of value.Market structure is a set of characteristics thatdetermine business environment under whichfirms operate.Market structure is determined by:a)Number of sellers and buyers,b)Degree of product differentiation,c)Procedures for entry and exit of firms,d)Degree of contestability and rivalry of firms. 

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