Unit 1 PPT 3333on Market_Structures.pptx

is is an ppt

1. Market Structures

2. Introduction to Market Structures Market structure describes the competitive environment in which businesses operate. Determines: - Pricing power - Level of competition - Consumer choices

3. Types of Market Structures - Perfect Competition - Monopolistic Competition - Oligopoly - Monopoly

4. Perfect Competition - Many buyers and sellers - Homogeneous products - Free entry and exit - Perfect knowledge Examples: Agricultural products like wheat, rice

5. Monopolistic Competition - Many sellers - Differentiated products - Some control over price - Easy entry and exit Examples: Restaurants, clothing brands, salons

6. Oligopoly - Few large firms dominate - Interdependence in decision-making - Barriers to entry - Non-price competition (e.g., advertising) Examples: Automobile industry, telecom sector

7. Monopoly - Single seller - Unique product with no close substitutes - High barriers to entry - Price maker Examples: Indian Railways, utility companies

8. Comparison Table Feature Perfect Comp. Monopolistic Comp. Oligopoly Monopoly No. of Sellers Many Many Few One Product Type Homogeneous Differentiated Either Unique Price Control None Some Some High Barriers to Entry None Low High Very High

9. Real-World Examples - Perfect Competition: Farmers’ markets - Monopolistic Competition: Toothpaste brands (Colgate, Pepsodent) - Oligopoly: Smartphone market (Apple, Samsung) - Monopoly: Google (Search Engine)

10. Case Study / Activity Identify the market structure for the following: - Zomato (Food delivery) - Uber (Transport) - BSNL (Telecom) - Vegetable market Discuss your reasoning.

11. Summary - Market structures influence business decisions - Unique implications for: - Consumers - Producers - Government policy

12. References - Microeconomics by Pindyck & Rubinfeld - Online sources like Investopedia, Khan Academy