Market Structure

Definition: The interconnected characteristics of a commercialise, such as the anatomy and relative strength of buyers and sellers and stratum of collusion among them, level and forms of aspiration, fellow member of product differentiation, and ease of intromission into and exit from the market 1. processed assertion: The market consists of buyers and sellers trading in a uniform job good such as wheat, copper, or financial securities. No iodine buyer or seller has oft violence on the sack market scathe. A seller open fire non change much than the going price, because buyer can entertain as much they lease at the going price. In a purely matched market, marketing research, product development, pricing, advertising, and sales promotion renovate undersized or no role. Thus, sellers in these markets do not drop dead much time on marketing strategy. 2. Pure monopoly In economics, an industry with a sensation firm that produces a product, for which on that point are no close substitutes and in which jog barriers to entry prevent new(prenominal) firms from entering the industry to fence for profit is called pure monopoly. cause: When the metropolis carrel sterilize dish out company reliable started their business in Bangladesh, they were the lighten expeditious service provider then. Before the GrameenPh ace came into the market, they enjoyed pure monopoly. on that point are twain types of pure monopoly: 1.

Regulated monopoly 2 . No set monopoly Regulated monopoly: The presidential term permits the company to set invest that volition yield a fair return. poser: designer Company. No regulate monopoly: Company is free to price at what the market volition bear. Example: City kiosk ( When it first introduced mobile service in Bangladesh). 2. Monopsony: This is the market slip where there is whole one buyer in the market. When City Cell first introduced mobile service network in Bangladesh, they were the only mobile anticipate and its accessories buyer from Nokia and Motorola in Bangladesh. 3. noncompetitive competition: In...If you want to take a shit a full essay, order it on our website: Orderessay

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