Part A What is pricing? What is Marginal Cost pricing? What is price discrimination? What are the features of Oligopoly?

What is a market? What is perfect competition? What is imperfect competition? What is Monopolistic competition? Explain Oligopoly. Give the three features of Oligopoly. What is a Monopoly? What are its features? What are the features of perfectly competition? What are the features of monopolistic competition? Distinguish between monopoly and oligopoly. What is product differentiation? Part B Explain the details about determinants of pricing.7 Describe the details of pricing under different objectives and perfect competition. 15 Explain the details of pricing under different market structures.8 Explain the details of price discrimination.7 Explain the details of pricing methods in practice.8 Explain the details of role of government in pricing control.8 Describe the details of balance sheet and contents of balance sheet with suitable example.15 Illustrate a profit and loss statement with assumed data with suitable example.15