Market Structure Firm Behavior and the Role of Government

Slides:



Advertisements
Similar presentations
Need for economics research (and economists ?) in Access to Medicines work Gita Sen.
Advertisements

Market Structures Review
Chapter 7 Section 1: Competition and Market Structures
Monopolistic Competition. Market Structure Product Differentiation Product Differentiation Few Many Number of Firm Differentiation Product Differentiation.
Market Structures. Monopoly  Single seller of a product dominates market  “price makers”/”price setters”  Barriers to entry high  Most newspapers,
Impossible Barriers to Entry Perfect Competition Monopolistic Competition Oligopoly Monopoly.
Copyright © 2010, All rights reserved eStudy.us Market Structure – A classification system for the key traits of a market, including.
More Economics of Competition and Competitive Strategies
Economics Chapter 9 Competition and Monopolies. Perfect Competition: Section 1 Market Structure- the amount of competition they face. Market Structure-
Chapter 6: Perfect and Imperfect Competition. Section A Perfect Competition Consumers look for best price Consumers look for best price For profit, firms.
 How firms compete Easy as PIE: Presenting in English 09/03/2011.
Monopolistic competition and oligopoly. Monopolistic competition Many firms compete in open market Products are similar but not identical Low barriers.
Market Structures 7.1. Decline of laissez-faire As business grew, so did the role gov’t played in it By 1800s, mergers and trusts had changed the nature.
Market Structure Dr.Deepakshi Gupta
CHAPTER 14 Monopoly PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.
Agenda Quiz on Current Reading “If a Cable Giant Becomes Bigger” Review of Monopolies Homework Intro to Chapter 11 Figure 11.1 Test #2 February 26 Chapters.

Copyright © 2010, All rights reserved eStudy.us Market Structure – A classification system for the key traits of a market, including.
Competition in a Free Market Economy. What is Competition? Competition is the struggle between buyers and sellers to get the best products at the lowest.
Lecture 10 Markets with market power. Four idealized types of market structure Perfect competition: many sellers; they are selling an identical product.
Chapter 12 Imperfectly Competitive Markets.  There are three categories of imperfect competition among sellers Monopoly Monopolistic Competition Oligopoly.
Market Structures Ohh to be a seller in the market of my choice!
Types of Economic Competition. Determining the Type of Economic Competition The number of firms competing in the market The amount of similarity between.
WHAT’S THE ROLE OF GOVERNMENT IN A MARKET ECONOMY? SIX POTENTIAL FUNCTIONS: ADDRESS EXTERNALITIES PROVIDE PUBLIC GOODS ENHANCE PUBLIC SAFETY PURSUE ANTI-TRUST.
Warm up 4/29/ What are the four conditions of monopolistic competition? 2.How do economists determine whether a market is an oligopoly? 3.What.
1.How do you face competition in your daily life? 2.How does competition apply to economics in a positive and a negative way? 1.How do you face competition.
Market Structures,Business Organizations & Labor Unit 3: Chapters 7, 8 & 9 Study Tool Instructions: Locate and insert information from the textbook & pictures.
Topic 1Topic 2Topic 3Topic 4Topic
By: Serenity Hughes ECONOMICS 101.  The markets for many important products are dominated by a small number of very large firms. IMPERFECT COMPETITION.
CH. 9: MARKET STRUCTURE 1. How much COMPETITION is in a MARKET. 2. CRITERIA A. Market Size A. Market Size B. Product Type B. Product Type C. Entry/Exit.
Market Models.
W ARM U P 6 1. Why do you think that competition is important? 2. What do consumers gain as a result of competition? 3. Explain how supply and demand determine.
Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.
Chapter 15 Monopoly!!. Monopoly the monopoly is the price maker, and the competitive firm is the price taker. A monopoly is when it’s product does not.
1 Part 5 ___________________________________________________________________________ ___________________________________________________________________________.
Market Structures. Definition Nature and degree of competition among firms operating in the same industry Nature and degree of competition among firms.
Oligopoly Pricing Are bigger companies more efficient?
Copyright©2004 South-Western 3 Monopoly. Copyright © 2004 South-Western While a competitive firm is a price taker, a monopoly firm is a price maker.
What Markets Exist Mr. Wyatt. Perfect Competition It’s the simplest, purest form of the market structures. Lots of firms all producing basically the same.
Market Structures 4 Different Types.
BUSINESS HIGH SCHOOL-ECONOMICS
Market Structures Economics Unit 4, Lesson 2
Perfect Competition, Monopoly, Monopolistic Competition, and Oligopoly
Marketing & Competitiveness
Types of Economic Competition
EXHIBIT 10.1 Monopoly Price and Output

Perfect and Imperfect Competition
Monopolistic Competition
Sole Proprietorships Sole proprietorship: A business owned and run by one person Easy to start Just need to pay business licenses and fees Ex: Opening.
Unit 3- Microeconomics Market Structures.
Monopolies Chapter 7.
ECONOMICS: October 5 (early release)
Firms.
Unit 3 Market structures.
Competition and Market Structures
Economics Chapter 7 Review.
Features and Appraisal of New Economic Policy
Foundation of Economic Analysis 3250:600
Market Structures: Different Types of Competition
Market Structure.
Perfect Competition Market where there are numerous buyers and sellers
Intro to Market Structures
Characteristics of Market Structures
WINTER Monday, March 7 Template
Topic 4: Competition and Market Structure
ECONOMICS: February 22 Warm-up What is the difference between a “price taker” and a “price maker”? Looking at the perfect competition and monopoly market.
Competition and Monopolies
Trademark, Copyright, And Patents | Get physical and paper proof
Microeconomics ECON 2302 Spring 2011
Presentation transcript:

Market Structure Firm Behavior and the Role of Government

Overview of Topic Government intervention Market structure: Antitrust Regulation of entry, prices, investment, quality Patents, copyright, trademarks Market structure: Perfect competition Monopolistic competition Noncooperative oligopoly Cooperative Oligopoly Monopoly Firm Behavior: Pricing strategies: Price taker Price maker Price discrimination Predatory pricing Two-part tariffs Time-of day/volume discounts Non-price strategies: Product differentiation Marketing/advertising/branding Vertical integration Entry-deterrent strategies Lobbying Research & development Mergers and acquisitions

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.