“CUET Economics Notes by Artham Resources: Chapter 6 – Forms of Market and Price Determination. Explores different market structures and how prices are determined in each, including perfect competition, monopoly, oligopoly, and monopolistic competition.”
Content of Chapter 6 – Forms of Market and Price Determination:
- Introduction to Market Structures
- Perfect Competition: Characteristics, Equilibrium Price, and Output
- Monopoly: Characteristics, Price Discrimination, and Profit Maximization
- Oligopoly: Characteristics, Collusion, Price Leadership, and Game Theory
- Monopolistic Competition: Characteristics, Product Differentiation, and Price Setting
- Factors Affecting Price Determination in Different Market Structures
- Implications of Market Forms on Consumer Welfare and Market Efficiency
Reviews
There are no reviews yet.