Market Structure

Definition: The interconnected characteristics of a market, such as the shape and relative strength of buyers and traffickers and degree of collusion among them, level and forms of aspiration, extent of crossway differentiation, and ease of entry into and exit from the market 1. elegant argument: The market consists of buyers and sellers trading in a invariant trade good such as wheat, copper, or fiscal securities. No iodine buyer or seller has frequently effect on the way out market price. A seller post non change much than the going price, because buyer can obtain as much they need at the going price. In a pristinely competitive market, marketing research, product development, pricing, advertising, and sales promotion renovate little or no role. Thus, sellers in these markets do not spend much era on marketing strategy. 2. Pure monopoly In economics, an industry with a single firm that produces a product, for which on that point ar no close substitutes and in which squ ar barriers to entry baffle other firms from entering the industry to vie for profit is called pure monopoly. Example: When the City carrel ready returns fellowship original started their business in Bangladesh, they were the save mobile service provider then. Before the GrameenPhone came into the market, they enjoyed pure monopoly. on that point are two types of pure monopoly: 1.

Regulated monopoly 2 . No coif monopoly Regulated monopoly: The government permits the company to set rates that volition yield a fair return. Example: occasion Company. No regulated monopoly: Company is free to price at what the market will bear. Example! : City electric cell ( When it prototypic introduced mobile service in Bangladesh). 2. Monopsony: This is the market situation where in that location is whole one buyer in the market. When City Cell first introduced mobile service network in Bangladesh, they were the yet mobile phone and its accessories buyer from Nokia and Motorola in Bangladesh. 3. Monopolistic disputation: In...If you want to get a full essay, order it on our website: BestEssayCheap.com

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