Assumption
|
Market Types
|
|||
Perfect Competition
|
Monopolistic Competition
|
Oligopoly
|
Monopoly
|
|
Number of sellers
|
Very large
|
Large
|
Small
numbers
|
One
|
Product diuerentiation
|
None
|
Slight
|
None to substantial
|
Extreme
|
Price
elasticity of demand of a firm
|
Infinite
|
Large
|
Small
|
Small
|
Degree
of control over price
|
None
|
Some
|
Some
|
Very considerable
|
FEATURES OF MAJOR TYPES OF MARKET
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment