Economics for Management

ECONOMICS FOR MANAGEMENT TOPIC- TO IDENTIFY THE MARKET STRUCTURE OF INDIAN respiratory tract INDUSTRY AND HIGHLIGHT THE FEATURES OF SPECIFIC MARKET STRUCTURE. Market is a mechanism by which buyers & sellers come together for the usage of exchange of goods & services. Economics identifies the following foodstuffs based on their nature: * Monopolistic competition, also called competitive market, where there atomic number 18 a large number of firms, each having a secondary proportion of the market share and slightly differentiated products. * Oligopoly, in which a market is dominated by a short number of firms that together control the majority of the market share. * Duopoly, a special case of an oligopoly with two firms. * Oligopsony, a market, where many sellers evoke be present but meet only a few buyers. * Monopoly, where there is only one provider of a product or service. * Natural monopoly, a monopoly in which economies of denture cause efficiency to increase continuously with the size of the firm.

A firm is a natural monopoly if it is able to serve the consummate market demand at a lower be than any combination of two or more than smaller, more specialized firms. * Monopsony, when there is only one buyer in a market. * Perfect competition is a theoretical market construction that features unlimited contestability (or no barriers to entry), an unlimited number of producers and consumers, and a perfectly elastic demand curve. The imperfectly competitive structure is quite identical to the realistic market conditions where some monopolistic competitors, monopolists, oligopolists, and duopolists exist and dominate the market conditions. The elements of Market Structure embroil the number and size distribution of firms, entry conditions, and the extent of differentiation. sedulousness Selected- Airline Industry in India Overview of Airlines industry in India |... If you indigence to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!