TAILIEUCHUNG - Lecture Element of economics - Chapter 8: Market structures

Lecture Element of economics - Chapter 8: Market structures. The topics discussed in this chapter are: the degree of competition, perfect competition, monopoly, monopolistic competition, oligopoly. | Market Structures The Degree of Competition Classifying markets number of firms freedom of entry to industry nature of product nature of demand curve The four market structures perfect competition monopoly monopolistic competition oligopoly Features of the four market structures Features of the four market structures Features of the four market structures Features of the four market structures Features of the four market structures Features of the four market structures The Degree of Competition Classifying markets number of firms freedom of entry to industry nature of product nature of demand curve The four market structures perfect competition monopoly monopolistic competition oligopoly Structure conduct performance Perfect Competition Assumptions firms are price takers freedom of entry identical products perfect knowledge Short-run equilibrium of the firm price, output and profit O £ (b) Firm Q (thousands) O (a) Industry P Q (millions) S D Pe MC AR D = .

• Kinh tế học
• Element of economics
• Lecture Element of economics
• Economic systems
• Market structures
• Perfect competition
• Monopolistic competition
• Economics problems
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• Opportunity cost
• Supply analysis
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• Individual demand
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• Product differentiation
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• Market Structure Measurement
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• Monopoly power