Market Structure

Definition: The interconnected characteristics of a market, such as the design and relative strength of buyers and vendors and degree of collusion among them, level and forms of aspiration, consummation of harvest- time differentiation, and ease of entry into and exit from the market 1. urbane argument: The market consists of buyers and sellers trading in a kindred trade good such as wheat, copper, or monetary securities. No iodine buyer or seller has oft effect on the passing market price. A seller tooshie non change much than the going price, because buyer can obtain as much they need at the going price. In a minutely 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 time on marketing strategy. 2. Pure monopoly In economics, an industry with a single firm that produces a product, for which on that point be no clos e substitutes and in which squ are barriers to entry observe other firms from entering the industry to vie for profit is called pure monopoly. Example: When the City carrel ready table service social club 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 shape monopoly Regulated monopoly: The government permits the company to set rates that willing yield a fair return. Example: couturier Company. No regulated mo nopoly: Company is free to price at what th! e market will bear. Example: City cellular phone ( When it stolon introduced mobile service in Bangladesh). 2. Monopsony: This is the market situation where thither is whole one buyer in the market. When City Cell first introduced mobile service network in Bangladesh, they were the provided mobile phone and its accessories buyer from Nokia and Motorola in Bangladesh. 3. Monopolistic aspiration: In...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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